EIA: Ethanol Stocks Steady

NEW YORK (DTN) -- U.S. ethanol stockpiles held steady at 22.7 million barrels (bbl) during the week-ended Jan. 12 while plant production and blending demand increased following declines the week prior, the U.S. Energy Information Administration reported on Thursday, Jan. 18.

Relative to a year ago, domestic ethanol stockpiles were 1.6 million bbl, or 7.6%, higher.

Regionally, supplies fell 200,000 bbl to 7.0 million bbl in the East Coast while rising by a similar amount to 8.1 million bbl in the Midwest. Gulf Coast supply fell 200,000 bbl to 4.5 million bbl while West Coast supply rose by a similar amount to 2.8 million bbl.

Domestic plant production increased 65,000 barrels per day (bpd), or 6.5%, to 1.061 million bpd last week. Compared with a year ago, plant output was up 7,000 bpd, or 0.7%. For the four weeks ended Jan. 12, ethanol production averaged 1.045 million bpd, up 1,000 bpd versus a year ago.

Net refiner and blender inputs, a measure for ethanol demand, climbed 61,000 bpd, or 7.7%, last week to 856,000 bpd, rebounding from a three-year low the week prior. Compared to a year ago, blending demand was up 16,000 bpd, or 1.9%. For the four-week period ended Jan. 12, blending demand averaged 863,000 bpd, up 7,000 bpd, or 0.8%, versus a year ago.