EIA: US Ethanol Stocks Edge Up

OAKHURST, N.J. (DTN) -- Domestic ethanol stocks rose for a third straight week, though below recent builds, even as blending demand increased and production dropped, Energy Information Administration data released Wednesday, Oct. 17, showed.

Data showed builds in ethanol stocks in all regions except the Gulf Coast PADD 3 where supply fell 201,000 barrels (bbl) to 4.536 million bbl last week. Supply in the region is 12.5% more than the same week in 2017.

Total domestic ethanol inventories gained 109,000 bbl in the week ended Oct. 12 to 24.130 million bbl, 2.6 million bbl, or nearly 12%, higher than the corresponding week in 2017.

East Coast PADD 1 supply added 61,000 bbl to 8.160 million bbl last week, a 15.5% year-over-year supply surplus.

At the Midwest PADD 2, stockpiles gained 74,000 bbl to 7.894 million bbl, nearly 10% above inventory on-hand last year.

Data showed PADD V West Coast supply increased 188,000 bbl to 3.170 million bbl.

Plant production dropped 29,000 barrels per day (bpd) to 1.011 million bpd during the week-ended Oct. 12, 0.8% lower than the corresponding week in 2017. Four-week averaged production was 1.026 million bpd versus 998,000 bpd during the corresponding four week period in 2017.

Net refiner and blender inputs, a measure for ethanol demand, rose 11,000 bpd to 933,000 bpd during the week-ended Oct. 12, 1.2% lower than a year ago. For the four weeks ended Oct. 12, blending demand averaged 916,000 bpd, 11,000 bpd below the same period in 2017.

(AG)