EIA: Ethanol Stocks, Output, Demand Up

OAKHURST, N.J. (DTN) -- Energy Information Administration data for the week-ended June 9 shows a build in total domestic fuel ethanol inventories while plant production and implied demand also increased week over week.

The EIA's Weekly Petroleum Status Report for the week profiled shows fuel ethanol stockpiles rose about 500,000 barrels (bbl), or 2.3%, to 22.5 million bbl, with inventory up 6.1% year-over-year.

Domestic plant production rose 3,000 barrels per day (bpd) to 1.002 million bpd last week, 11,000 bpd lower than the corresponding week in 2016. For the four weeks ended June 9, ethanol production averaged 1.008 million bpd versus 981,000 bpd during the same four week period in 2106.

Net refiner and blender inputs, a gauge for ethanol demand, increased 22,000 bpd, or 2.4%, to 931,000 bpd during the week-ended June 9, which was 9,000 bpd higher than a year ago. For the four-week period ended June 9, blending demand averaged 935,000 bpd, up 19,000 bpd from the corresponding four-week period in 2016.