Ethanol Blog

Wednesday 01/16/13

Spot Ethanol Prices Lower on Weekly Stock Build

Spot ethanol prices fell this morning, pressured by data showing an increase in weekly ethanol inventories. U.S. Energy Information Administration detailed a 2.6% build in ethanol supply to 20.4 million bbl last week, though the bearishness of the data was ameliorated by a 5.1% drop in domestic output, an 8.0% jump in demand and a 48% drop in imports.

Ethanol imports fell to 27,000 bpd from 52,000 bpd for the prior week, with 67% of the foreign produced supply received along the West Coast. Trade sources said most of the West Coast imports were low carbon ethanol from Brazil. "Prices are going down," said a trader. "Brazil is spoiling everything and will continue doing that."

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

Posted at 12:08PM CST 01/16/13
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