EIA: US Ethanol Stocks Build
NEW YORK (DTN) -- Ethanol inventories in the United States rebounded last week from a five-week low, rising for the first time in four weeks as blending demand eased, the Energy Information Administration reported Wednesday, Nov. 5.
Total ethanol stocks surged 130,000 barrels (bbl) to 17.169 million bbl during the week-ended Oct. 31, but are still 2.0 million bbl, or 13.2%, more than a year earlier.
P[L1] D[0x0] M[300x250] OOP[F] ADUNIT[] T[]
The stock draws were seen up in PADD 1 East Coast and PADD 3 Gulf Coast while easing in PADD 2 Midwest and PADD 5 West Coast.
Plant production declined 8,000 barrels per day (bpd), or 0.9%, last week to 929,000 bpd while up 3.0% year-over-year, with output for the four weeks ended Oct. 31 1.9% higher than year prior.
Blender inputs, a proxy for ethanol demand, decreased 18,000 bpd, or 2.0%, to 860,000 bpd, little changed year-over-year. Four-week average demand edged up 1.9% from year prior.
(BM/AG)
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