Weekly brief
Issue archive
Every The Fill Line brief: what moved in US propane, week by week.
US Propane Demand Up 78% on the Week, 59% Above the Five-Year Median
US propane demand hit 1.125 million b/d for the week ended Aug. 28, up 78.3% on the week and 59.3% above the five-year median. Exports reached 2.153 million b/d and Mont Belvieu rose to $0.736/gal.
PADD 3 Stocks Reach 69.6 Million Barrels, 29% Above Five-Year Median
PADD 3 propane inventories reached 69.6 million barrels for the week ending Aug 21, 29% above the five-year median. Demand ran at 0.631 million b/d, 35% below the five-year median. Belvieu fell to $0.685/gal.
Belvieu Propane Rebounds to $0.723/Gal, Up 7.4% on the Week
Mont Belvieu propane spot bounced 7.4% on the week to $0.723/gal but remains 4% below the 5-year median. US exports ran at 2.041 million b/d, 46% above the 5-year median.
US Propane Exports at 1.921 Million b/d, 30% Above the 5-Year Median
Exports run 30% above the 5-yr median at 1.921 million b/d, Belvieu eases to $0.655/gal and product supplied rebounds 89.4% on the week as US primary stocks reach 103.1 million barrels.
Mont Belvieu Propane Falls 6.6% on the Week to $0.678/Gal
Mont Belvieu spot down 6.6% to $0.678/gal, 12.9% below the 5-yr median. US primary propane stocks at 102.3 million barrels cover 195 days at the trailing four-week demand rate of 524 kb/d. PADD 1C is tightest, 13.5% below the 5-yr median.
US Propane Stocks at 99.8 Million Barrels, 159 Days of Supply
US propane primary stocks reached 99.8 million barrels as of July 17, PADD 3 up 10% on the week to 64.7 million barrels, demand running 44% below the 5-yr median, Belvieu at $0.726/gal.
59.0 Million Barrels in PADD 3, 25% Above the 5-Year Median
Gulf Coast propane stocks running 25% above the 5-yr median; US total at 93.5 million barrels with 146 days of supply; Mont Belvieu spot up 4.5 cents to $0.721/gal, trimming its discount to 11% below the 5-yr median.
Mont Belvieu Propane at $0.676/Gal, 19% Below the 5-Year Median
The Mont Belvieu propane spot fell 3.8% on the week to $0.676/gal, 19% below the 5-year median, as US propane stocks hold at 90.5 million barrels and 141 days of supply heading into mid-build season.
PADD 3 Propane Stocks 33% Above the 5-Year Median
Gulf Coast propane stocks held at 58.8 million barrels for the week ending June 26, 33% above the 5-year median. US supply stands at 125 days. Mont Belvieu spot: $0.685/gal, 19% below the 5-year median.
PADD 3 Propane Stocks Hit 58.7 Million Barrels, 35% Above Normal
Gulf Coast propane stocks at 58.7 million barrels are 35% above the 5-yr median, Belvieu fell to $0.681/gal down 5.2% on the week, and the US sits at 114 days of supply as of June 19.
Propane Stocks Hit 87.4 Million Barrels, 26% Above Normal
US propane stocks reach 87.4 million barrels for the week ending June 12, 26% above the 5-year median. PADD 3 carries a 38% surplus. Mont Belvieu fell 8.5% on the week to $0.718/gal.
US Propane Stocks 24% Above Normal; Belvieu Falls to $0.785
US propane stocks hit 84.5 million barrels for the week ending June 5, 24% above the 5-year median, as Mont Belvieu fell 9.8% on the week to $0.785/gal. PADD 3 holds 56.4 million barrels at 36% above normal; days of supply at 96.
Mont Belvieu Spot Propane: $0.870/gal, Up 10.7% on the Week
Mont Belvieu spot propane hit $0.870/gal for the week, up 10.7% on the week and 24% above the 5-year median. US propane stocks: 83.3 million barrels as of May 29, 27% above the 5-year median. PADD 3 at 40% above. Days of supply: 109.
US Propane Stocks 34% Above Normal at 81.2 Million Barrels
US propane stocks held 81.2 million barrels in the week ended May 22, 34% above the 5-yr median, with PADD 3 at 48% above normal and PADD 1C the lone region below the median at 11% under.
US Propane Stocks 40% Above Normal at 81.6 Million Barrels
US propane stocks: 81.6 million barrels on May 15, 40% above the 5-yr median. PADD 3 at 55% above normal. Mont Belvieu fell 6.8% on the week to $0.779/gal. Days of supply: 91.