OAKHURST, N.J. (DTN) -- Domestic inventory of ethanol posted a sixth straight weekly draw, falling to a 12-week low, though production posted the first increase in over two months, the Energy Information Administration reported on Thursday, Sept. 9.
Data show overall production moved off a six-month low, up 18,000 barrels per day (bpd) or 2% to 923,000 bpd. Midwest PADD 2 plant production also rose for the first time in nine weeks, up 19,000 bpd or 2.2% to 870,000 bpd.
Total ethanol inventories dropped 720,000 barrels (bbl) to 20.390 million bbl as of Sept. 3, 2% more than the same time in 2020.
East Coast PADD 1 ethanol inventories decreased a second week, down 32,000 bbl to 6.921 million bbl, while Midwest PADD 2 stocks fell a fifth straight week, down 215,000 bbl to a 12-week low 7.488 million bbl.
West Coast PADD 5 supply posted the first draw in three weeks, down 275,000 bbl to 2.870 million bbl and at the Gulf Coast PADD 3, stocks fell a fifth week, down 228,000 bbl to 2.706 million bbl week. Stocks are at the lowest level since the week ended Oct. 14, 2014.
Blending activity slid 20,000 bpd to 906,000 bpd, 9.2% above the same time in 2021. Blending activity during the four weeks ended Sept. 3 averaged 920,000 bpd, down 6,000 bpd from four weeks prior.
Midwest PADD 2 blending dropped 10,000 bpd in the period profiled, while at the Gulf Coast, demand slipped 1,000 bpd. For the four weeks ended Sept. 3, EIA reports PADD 2 blending activity was at 254,000 bpd, while PADD 3 activity was 150,000 bpd.
(c) Copyright 2021 DTN, LLC. All rights reserved.