Ethanol Stocks Up 3.1% to 7-Week High

NEW YORK (DTN) -- Domestic ethanol supplies increased last week to a seven-week high, with total inventories up roughly 500,000 barrels (bbl), or 3.1%, to 16.5 million bbl during the week-ended Apr. 18, according to data issued Wednesday by U.S. Energy Information Administration.

The deficit for total ethanol stocks compared to a year earlier fell to 1.1 million bbl, or 6.1%.

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Inventories rose along the East, Gulf and West coasts while they were unchanged in the Midwest and the Rocky Mountains regions.

The EIA data showed PADD 1 East Coast supplies increased 100,000 bbl to a 10-week high of 5.5 million bbl while PADD 3 Gulf Coast supplies rose 100,000 bbl to 2.5 million bbl and PADD 5 West Coast added 300,000 bbl to 2.0 million bbl. PADD 4 Rocky Mountain stocks held steady at 300,000 bbl for the week, with PADD 2 Midwest supplies also unchanged at 6.2 million bbl.

EIA also showed ethanol production at U.S. plants fell last week, down 29,000 barrels per day (bpd), or 3.1%, at 910,000 bpd. Domestic output for last week was down 57,000 bpd or 6.7% from a year ago. Four-week average production at 917,000 bpd was up 9.6% from a year earlier.

Blender inputs, a proxy for ethanol demand, rose 5,000 bpd, or 0.6%, to 853,000 bpd while up 20,000 bpd, or 2.4%, from a year earlier. Four-week average input was up 1.6% from a year earlier.

EIA reported ethanol imports into the United States at 11,000 bpd last week, all of which was received along the East Coast.

(BM/CZ)

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