The EIA reported total U.S. propane/propylene inventories built by 2.54 MMbbl for the week ended May 31, nearly matching the average of industry expectations for an increase of 2.56 MMbbl. The storage build was slightly below the average for the past five years. Stocks are well below last year’s levels; storage for the same week last year was 6.6% higher than this year.

Purity propane stocks reported by the EIA were at 43.0 MMbbl, or 63% of total U.S. inventories, up 1.6 MMbbl from the prior period.

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