Ethanol Blog

Spot Ethanol Gains at Argo, Steady in New York Harbor

Spot ethanol prices in the New York Harbor were restrained by data from the Energy Information Administration released Wednesday showing a 500,000 bbl build for PADD 1 East Coast ethanol stocks for the week-ended April 10.

New York Harbor April ethanol barges were valued at $1.63 per gallon, unchanged for the session, while prompt transfer ethanol at the Argo terminal near Chicago was talked at a $1.57 to $1.59 per gallon bid/ask range, up a penny, buoyed by EIA data showing higher demand while domestic production fell to a near six-month low of 924,000 bpd last week.

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

(ES)

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