Ethanol Production Falls to 6-Mo. Low
NEW YORK (DTN) -- The Energy Information Administration released data Wednesday, Sept. 24, showing ethanol inventories in the United States fell last week as domestic production tumbled to a six-month low.
Total ethanol stocks fell 200,000 barrels (bbl), or 1.1%, to 18.6 million bbl during the week-ended Sept. 19, down from an 18-month high posted a week prior. Stocks were still 3.0 million bbl, or 19.1%, above a year ago.
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Regionally, stocks fell along the PADD 1 East Coast, PADD 5 West Coast and PADD 2 Midwest while up for the PADD 3 Gulf Coast and flat for PADD 4 Rocky Mountains.
Plant production plunged 42,000 barrels per day (bpd) last week to 889,000 bpd, the lowest output rate since the week-ended Mar. 21, while 6.9% higher than a year ago. Four-week output through Sept. 19 at 917,000 bpd averaged 83,000 bpd or 9.9% higher than during the comparable year-ago period.
Blender inputs, a proxy for ethanol demand, jumped 40,000 bpd to 886,000 bpd last week, while up 4% year-over-year. Blender inputs during the four weeks ended Sept. 19 averaged 866,000 bpd, up 19,000 bpd, or 0.2%, from the year prior.
(BM/AG)
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