Ethanol Blog

Spot Ethanol Prices Mixed on Weekly EIA Supply Data

Spot ethanol prices were mixed with a downside bias Wednesday after the Energy Information Administration reported ethanol stocks rose 500,000 bbl or 2.3% to 20.7 million bbl last week.

EIA also reported domestic production fell 12,000 bpd or 1.2% to 980,000 bpd and implied ethanol demand rose 28,000 bpd or 3.2% week-on-week to 912,000 bpd. This week shipment of Chicago ethanol under Rule 11 traded at $1.46 per gallon for a 1.0-cent gain, while prompt ethanol at Argo near Chicago was pegged at $1.46 per gallon for a 1.0-cent loss. Arizona spot prices traded at $1.61 per gallon, down 3.0 cents, while New York Harbor June ethanol barges were pegged 1.0 cent higher on the day at $1.55 per gallon.

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

(ES)

P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
P[] D[728x170] M[320x75] OOP[F] ADUNIT[] T[]
P[L2] D[728x90] M[320x50] OOP[F] ADUNIT[] T[]

Comments

To comment, please Log In or Join our Community .