EIA says propylene stocks, refinery run rates rise

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stocks of propylene for non-fuel use in the week that ended November 3 rose 51,000 barrels to 2.573 million barrels, data showed Wednesday.

Inventory currently are 1.087 million barrels below where they were a year ago, the data showed.

US refinery run rates rose 1.5 percentage points to 89.6% last week, data showed.

The utilization rate was 2.5 percentage points higher than the year-ago week, the EIA data showed.

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In the spot market, US polymer-grade propylene was assessed stable Wednesday at 46.25-46.75 cents/lb FD USG for November deliveries.

US spot refinery-grade propylene remained stable at 34-34.5 cents/lb FD USG on a three- to 30-day basis.

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