EIA: Ethanol Plant Output Up About 1%

OAKHURST, N.J. (DTN) -- Domestic ethanol stocks were down for a second straight week during the week-ended July 20 as a draw at the Gulf Coast negated builds in the other regions, Energy Information Administration data released Wednesday, July 25, showed. Data showed plant production reached a high for 2018 while ethanol demand rose 3.2% for the week profiled.

EIA reports ethanol inventories declined 115,000 barrels (bbl) last week to 21.653 million bbl, 0.9% higher than supply held a year earlier.

East Coast PADD 1 supply added 28,000 bbl to 7.108 million bbl last week, although hold a 6.6% year-over-year supply deficit.

Midwest PADD 2 ethanol supply rose 136,000 bbl to 7.399 million bbl, which was flat versus the same week in 2017.

At the Gulf Coast PADD 3, stockpiles held lower, falling 370,000 bbl to 4.281 million bbl. Still, supply in PADD 3 is at a 13.2% year-over-year supply surplus. Data showed PADD V West Coast supply gained 96,000 bbl to 2.544 million bbl on the week.

Plant production rose 10,000 barrels per day (bpd) to 1.074 million bpd during the week ended July 20, the highest level for this year and also the highest output since mid-December 2017. Output for the week profiled was 6.1% higher than the same time in 2017. Four-week average production at 1.059 million bpd as of July 20 was 44,000 bpd higher than the corresponding four weeks in 2017.

Net refiner and blender inputs, a measure for ethanol demand, jumped 29,000 bpd to 942,000 bpd during the week-ended July 20, 3,000 bpd lower than a year ago. For the four weeks ended July 20, blending demand averaged 934,000 bpd, 1,000 bpd below the same period in 2017.

(BM/AG)