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, as per Platts. Among major consuming regions, Gulf Coast supplies dropped 3.1 mln barrels to 20.6 mln barrels, while East Coast stocks shed 700,000 barrels to reach 3 mln barrels. Midwest supplies showed a 1.5 mln barrel drop last week. Total supplies in the Midwestern region stood at 20 mln 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.
21-Jan-11 
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