Ethanol Blog
Myke Feinman Refine Fuels Reporter

Thursday 12/05/13

Short Supply Squeezes NYH Spot Ethanol Prices Higher

Spot ethanol prices for prompt delivery in the New York Harbor skyrocketed 25.0 cents to $3.25 per gallon Thursday, with spot values squeezed higher on short supply, sources said.

"New York has no barrels available this week," a trade source said.

By contrast, January delivered NYH barge traded at $2.36 this morning.

Ethanol supply was drawn down 195,000 barrels (bbl) in the East Coast PADD 1 region during the week-ended Nov. 29 to a 4.755 million bbl record low Energy Information Administration data shows, with weekly ethanol data starting June 2010.

Myke Feinman can be reached at myke.feinman@telventdtn.com.

(AG)

Posted at 1:57PM CST 12/05/13 by Myke Feinman
Post a Blog Comment:
Your Comment:
DTN reserves the right to delete comments posted to any of our blogs and forums, for reasons including profanity, libel, irrelevant personal attacks and advertisements.
Blog Home Pages
April  2015
S M T W T F S
         1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30      
Subscribe to Ethanol Blog RSS
Recent Blog Posts
  • Spot Ethanol Prices Gain on Expected Demand Improvement
  • Spot Ethanol Prices Track Corn Futures Lower
  • Spot Ethanol Prices Retreat on Profit-Taking
  • DDG Prices Drop as Barge Freight Falls
  • West Coast Spot Ethanol Prices Spike on Short Squeeze
  • Spot Ethanol Prices Pressured by Bearish EIA Data
  • DDGS Play Vital Role in Nebraska Ethanol Impact
  • Spot Ethanol Prices Flat to Up as Supply Data Eyed
  • Argo, PNW Spot Ethanol Prices Nudge Higher in Thin Trade
  • An Economic Case for Ethanol
  • Spot Ethanol Gains at Argo, Steady in New York Harbor
  • Grains Council Works to Open Cuban Markets
  • Ethanol Production Sliding Lower
  • Spot Ethanol Advances After Bullish Weekly Supply Report
  • D6 RINs Extend Higher; Spot Ethanol Prices Flat
  • D6 RINs Edge Higher While Spot Ethanol Prices Ease
  • Corn Prices Remain Range Bound
  • DDGS Rise to Highest Level in Five Months
  • Spot Ethanol Prices Weaken Amid Sluggish Demand
  • Gasoline Stocks Change Direction