Ethanol Blog

Wednesday 01/09/13

Spot Prices Little Changed After Mixed EIA Stocks Data

Spot ethanol prices were little changed in a thinly-traded session early Wednesday after federal data showed ethanol inventories were drawn down last week while demand and production by domestic plants both increased.

The Energy Information Administration's data detailed a 359,000 bbl draw in ethanol stocks to 19.854 million bbl for the week-ended Jan. 4, while output of the product from plants across the nation increased 19,000 bpd to 826,000 bpd last week and implied demand climbed 64,000 bpd to 714,000 bpd.

George Orwel can be reached at george.orwel@telventdtn.com.

Posted at 12:42PM CST 01/09/13
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