EIA: Ethanol Stocks, Output Decline

NEW YORK (DTN) -- Total U.S. ethanol stocks and plant production fell while blending demand rebounded last week from a near four-month low, the Energy Information Administration said Wednesday.

The EIA's Weekly Petroleum Status Report showed domestic fuel ethanol inventories declined 400,000 barrels (bbl), or 1.9%, to 20.2 million bbl during the week-ended Sept. 30, up 1.4 million bbl, or 7.3%, higher year over year.

Regionally, PADD 1 East Coast stocks fell 300,000 bbl to 7.1 million bbl and PADD 2 Midwest stocks declined 100,000 bbl to 6.2 million bbl and PADD 3 Gulf Coast stocks dropped 200,000 bbl to 3.7 million bbl. PADD 5 West Coast rose 100,000 bbl to 2.7 million bbl.

Plant production fell 9,000 barrels per day (bpd), or 0.9%, to 980,000 bpd during the last week of September, up 30,000 bpd, or 3.2%, versus a year earlier. Trade sources had expected output to fall due to autumn maintenance.

For the four weeks ended Sept. 30, domestic ethanol production averaged 998,000 bpd, 40,000 bpd, or 4.3%, above the comparable year-ago period.

Net refiner and blender inputs of ethanol rebounded after falling for three weeks straight, up 12,000 bpd, or 1.3%, to 919,000 bpd during the week-ended Sept. 30. Year over year, refiner and blender inputs are still up 37,000 bpd, or 4.2%. The four week average blender input rate through Sept. 30 is up 34,000 bpd, or 3.85%, year over year at 917,000 bpd.

(BM/AG)