U.S. spot ethanol prices along the West Coast rallied on tight supply tied to limited railcar capacity to deliver the product. Stocks in Arizona are down because there are no rail cars to replenish supply being used. "I'm just hearing [rail] car turnaround is bad," said a source. "It's worse," added another source.
Prompt delivered ethanol to California was talked 7.0 cents higher at a $2.50 to $2.54 gal bid/ask spread while prompt delivered Arizona ethanol was seen at $2.50 gal, up 9.0 cents on the day.
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