EIA Report Shows Declines

NEW YORK (DTN) -- The Energy Information Administration issued a report Thursday showing another weekly decline for domestic fuel ethanol inventories, with plant production and blending demand also down during the week-ended June 30.

The EIA's Weekly Petroleum Status Report showed ethanol inventories fell 200,000 bbl, or 0.9% to 21.6 million bbl last week, eliminating a year-over-year surplus. Regionally, supplies were drawn down in the East and West coasts and Midwest.

Domestic plant production declined 1,000 bpd to 1.014 million bpd during the week reviewed, while up 30,000 bpd or 3.0% year-on-year. For the four weeks ended last week, fuel ethanol production averaged 1.006 million bpd, up 16,000 bpd or 1.6%.

Net refiner and blender inputs -- a gauge for ethanol demand -- fell 16,000 bpd or 1.7% to 945,000 bpd. Blending demand eased 12,000 bpd or 1.3% year-on-year. For the four-week period ended June 30, blending demand were up 5,000 bpd or 0.5%.

Brian Milne can be reached at brian.milne@dtn.com

(BE)

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