Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 02/21/13

Higher Ethanol Output Pressures Spot Prices; RIN Values Up

Spot ethanol prices trended lower in early trade Thursday, pressured by rising domestic production while the values of tradable ethanol compliance credits rose sharply due to "projections for less supply."

Energy Information Administration said U.S. production ramped higher for the third straight week, climbing 8,000 bpd or 1.0% to 797,000 bpd during the week-ended Feb. 15; however, that compares with the year-ago output pace at 919,000 bpd. Prompt New York Harbor ethanol traded $2.46 gallon, down 2.0 cents, while D6 Renewable Identification Numbers for 2012 traded at a 42 cents, up 10.5 cents, and 2013 RINs traded at 46 cents, up 11.5 cents on the day.

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

Posted at 1:51PM CST 02/21/13 by George Orwel
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