EIA: Ethanol Data Mixed; Stocks Up
NEW YORK (DTN) -- The U.S. Energy Information Administration released a mixed supply report Wednesday showing U.S. ethanol stockpiles rose in the week-ended Nov. 10 while plant production eased and blending demand was unchanged.
The EIA's Weekly Petroleum Status Report showed fuel ethanol stocks rose by 200,000 bbl or 0.9% to 21.5 million bbl, with a year-over-year supply overhang at 2.9 million bbl or 15.6%.
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Stock increases occurred along the East and West coasts, where supplies reportedly were up 500,000 bbl or 7.6% and 300,000 bbl or 12.0%, respectively. Midwest supply fell 300,000 bbl or 3.7% and Gulf Coast supply declined by 400,000 bbl or 10.5%.
Domestic plant production edged down 3,000 bpd or 0.3% last week to 1.054 million bpd, easing from a two-month high a week earlier, while up 37,000 bpd or 3.6% year-over-year. For the four weeks ended last week, ethanol production averaged 1.052 million bpd, up 44,000 bpd or 4.4% against year prior.
Net refiner and blender inputs, a measure for ethanol demand held steady at 918,000 bpd four-week high, while up 14,000 bpd or 1.5% year-over-year. For the four-week period ended Nov. 10, blending demand averaged 923,000 bpd, up 6,000 bpd or 0.7% against the comparable period a year ago.
(BE)
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