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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