US propane, propylene stocks drop 5.4 million barrels: EIA

Houston (Platts)--20Jan2011/357 pm EST/2057 GMT


Total US propane and propylene inventories fell 5.4 million barrels during the reporting week ended January 14, according to data released Wednesday by the US Energy Information Administration.

Among major consuming regions, Gulf Coast supplies dropped 3.1 million barrels to 20.6 million barrels, while East Coast stocks shed 700,000 barrels to reach 3 million barrels. Midwest supplies showed a 1.5-million barrel drop last week. Total supplies in the Midwestern region stood at 20 million barrels.

Propylene for non-fuel usage represented 5.6% of total propane inventories.

Spot propane market participants attributed the large decline in stocks to winter weather demand.

--Richard_Capuchino, richard_capuchino@platts.com

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