U.S. Propane/Propylene Inventories
EIA reported that U.S. propane/propylene inventories fell by 687 Mbbl for the week ended November 28 — a withdrawal that came in below industry expectations for a draw of 1.5 MMbbl and also below the average draw of 1.2 MMbbl for the week. Despite the modest pull, stocks remain elevated at 103.5 MMbbl, which is 7.5 MMbbl (8%) above the same week in 2024 and the five-year maximum. Inventories are also 14.5 MMbbl (16%) above the five-year average, highlighting a market that remains comfortably supplied as winter demand builds.
