Ethanol Blog
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)
© Copyright 2013 DTN/The Progressive Farmer. All rights reserved.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
Comments
To comment, please Log In or Join our Community .