Spot ethanol prices were discussed slightly lower in the Chicago and New York Harbor cash markets after the U.S. Energy Information Administration reported ethanol inventories rose 600,000 bbl, or 2.7%, to a six-month high of 22.6 million bbl. Meanwhile, blending demand tumbled 91,000 bpd, or 9.6%, to 855,000 bpd during the week-ended Dec. 29.
In physical trade, prompt delivered ethanol at the Argo terminal in the Chicago market traded more than once at $1.27 per gallon for a loss of 2.0 cents. Prompt delivered ethanol by barge in the New York Harbor was talked at a $1.41 to $1.43 per gallon bid/ask spread, down 1.0 cent on the session.
George Orwel can be reached at email@example.com
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