Ethanol Blog
George Orwel DTN Energy Reporter

Friday 11/08/13

Tight Supply boosts Spot Ethanol Prices, RINs Weaken

Spot ethanol prices moved higher Monday on concerns about tight product supply while the value for 2013 Renewable Identification Numbers were under pressure. This was after the Environmental Protection Agency proposed Nov. 15 to cut Renewable Fuels Volume Obligation for 2014 and said Monday that production of D6 ethanol Renewable Identification Numbers rose 5.8% to 1.177 billion gallons in October.

"Ethanol production is up, so RIN production is up too," said a trader. "Yeah, the RVO cut didn't help," added another trader.

On Monday, ethanol transfer at Argo was talked 8.5 cents higher at a $2.20 to $2.25 per gallon bid/ask spread while November New York Harbor barged ethanol was seen 1.5 cents higher at a $2.30 to $2.35 per gallon bid/ask spread. 2003 D6 RINs traded 18 cents, down from 27 cents a week ago.

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

(ES)

Posted at 11:56AM CST 11/08/13 by George Orwel
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