US Ethanol Stocks at 6-Month High

CRANBURY, N.J. (DTN) -- The domestic stock level of ethanol increased alongside higher production, while blending demand declined during the week-ended Dec. 1, the Energy Information Administration reported on Wednesday, Dec. 6.

Ethanol supply increased 500,000 barrels (bbl) to a 22.5 million bbl six-month high during the week reviewed, while up 4.0 million bbl, or 21.6%, against the comparable week a year ago.

Regional stock builds were reported along the East Coast PADD 1, up 200,000 bbl to 7.2 million bbl; the Rocky Mountains PADD 4, up 100,000 bbl to 400,000 bbl; and the West Coast PADD 5, up 400,000 bbl to 3.0 million bbl. The Midwest PADD 2 and Gulf Coast PADD 3 both recorded a 100,000 bbl supply draw-down for the week reviewed to 8.2 million bbl and 3.8 million bbl, respectively.

U.S. ethanol plants registered a production rate at a record high 1.108 million barrels per day (bpd) during the week reviewed, up 42,000 bpd from week prior and 85,000 bpd or 8.3% above year prior.

Refiner and blender net ethanol inputs dropped 37,000 bpd, or 4.0%, to 885,000 bpd, while up 13,000 bpd against the prior year. During the four weeks ended Dec. 1, blending demand for ethanol averaged 911,000 bpd, up 11,000 bpd against the same four weeks in 2016.

(AG)

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