Ethanol Blog
George Orwel DTN Energy Reporter

Thursday 04/10/14

Argo, California Spot Ethanol Prices Rally on Shipment Delays

Spot ethanol prices rose in early trade, with the biggest rally seen for product in Chicago and on the West Coast, where there's talk of train delays in making deliveries to terminals in those regional hubs. Energy Information Administration data released Wednesday showed supply in both regions flat last week at 6.4 million barrels (bbl) in the Midwest and 1.8 million bbl along the West Coast. Domestic implied demand inched up 0.2% at 852,000 barrels per day (bpd), with demand for both ethanol and gasoline expected to climb ahead of the summer. Prompt ethanol at the Argo terminal near Chicago was talked at a $2.98 to $3.02 gallon bid/ask spread, up 15.0 cents on the day, while prompt delivered ethanol in northern California traded at $3.27 gallon, up 12.0 cents.

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

(ES)

Posted at 12:48PM CDT 04/10/14 by George Orwel
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