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EIA says US propylene stocks fall, refinery rates inch up

Houston (Platts)--12 Jun 2018 614 pm EDT/2214 GMT


US stocks of propylene for non-fuel use fell 88,000 barrels to 2.873 million barrels in the week ended June 8, Energy Information Administration data showed on Wednesday.

Inventory levels are currently 74,000 barrels above year-ago levels, EIA data showed.

US refinery run rates gained 0.3 percentage point to 95.7% last week, 1.3 percentage points above the corresponding week in 2017.

In the spot market, US polymer-grade propylene was last assessed Tuesday at 59.75-60.25 cents/lb FD USG for June deliveries, sliding 1.25 cents on the day.

US spot refinery-grade propylene was 0.25 cent lower Tuesday at 44.75-45.25 cent/lb FD USG on a three- to 30-day basis.

--Catherine Wood, catherine.wood@spglobal.com

--Edited by Richard Rubin, richard.rubin@spglobal.com




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