The EIA reported that total U.S. propane/propylene inventories built by 687 Mbbl (red line chart below) for the week ended March 8, which was above the average of industry expectations for a build of 258 Mbbl. Total U.S. propane stocks stand at 51.9 MMbbl, which is 3.7 MMbbl, or 7.7%, above the 5-year average. Purity propane EIA stocks were 25.7 MMbbl, or 49.7% of total U.S. inventories, up 1.1 MMbbl from the prior period. Total U.S. propane/propylene stocks have dropped by 49.3 MMbbl over the last 19 weeks, compared to a decline of only 27.1 MMbbl for the same period last year, according to EIA data.
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- Analyst Insight
U.S. Propane Stocks Show Small Draw in Week Ended March 29
U.S. propane stocks show small draw in week ended March 29
- Analyst Insight
U.S. Weekly Propane Inventories Draw Over Average Industry Expectations
EIA reported that total U.S. propane/propylene inventories recorded a draw of 3.4 MMbbl for the week ended February 23, which was above the average of industry expectations for a draw of 2.1 MMbbl and the 1.9 MMbbl average decline for the week.
- Analyst Insight
U.S. Propane Stocks Post Small Build for Second Week in a Row
Despite expectations for a draw this week, U.S. propane stocks build as exports increase sharply from last week's low rate.
