US propane, propylene stocks fall on Midwest draws

05-Mar-15

US propane and propylene stocks fell 4.17 mln barrels to 55.07 mln barrels for the week ended February 27, US Energy Information Administration data has been reported by Platts. US stocks saw an average draw of 804,200 barrels in the previous five years during that week. Midwest stocks declined 2.51 mln barrels to 16.81 mln barrels last week, much higher compared with a 391,000 barrel decline in the comparable week last year and an 535,800 barrel average decline over the previous five years. Gulf Coast stocks saw a draw of 617,000 barrels to fall to 34.32 mln barrels. East Coast stocks fell 893,000 barrels to 1.64 mln barrels. East Coast stocks saw an average build of 25,200 barrels in the previous five years during that week. East Coast stocks now stand at their lowest level for the comparable week of the previous five year.