Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 04/25/13

West Coast Spot Ethanol Market Goes Quiet Amid Supply Talk

The West Coast spot ethanol market has been quiet this week with few trades transacted, as buyers have stepped to the sidelines waiting for prices to decline, a trade source said.

The source said sellers of West Coast ethanol were asking for $2.75 per gallon for May delivery, 30 cents a gallon above May ethanol futures on the Chicago Board of Trade, arguing that supply remains tight. However, buyers don't agree, saying prices should come off more, partly because Midwest logistics have improved with warming weather, so supplies should increase by next week.

May spot ethanol in the West Coast was offered at $2.75 per gallon, but buyers said they'd rather buy June cargoes at 20 cents over futures or $2.65 gallon.

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

Posted at 3:16PM CDT 04/25/13 by George Orwel
Comments (1)
West coast inventory below 15 days. How will they bridge between May demand and June cargoes?
Posted by Eddy Lahens at 3:53PM CDT 04/25/13
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