The EIA reported total U.S. propane/propylene inventories had a withdrawal of 2.9 MMbbl for the week ended October 3, a sharp contrast with industry expectations for an increase of 1.2 MMbbl and the average build for the week of 458 Mbbl. It was the highest draw for the same week of the year since RBN’s records begin in 2011. Total U.S. propane/propylene stocks are now at 100.5 MMbbl, which is 732 Mbbl, or 1%, above the same week in 2024 and 1.3 MMbbl, or 1%, less than the 5-year maximum. Despite the sharp weekly draw, inventories remain 8.3 MMbbl, or 9% above the 5-year average, underscoring a generally well-supplied market.
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