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EIA: US Ethanol Stocks Build Again

OAKHURST, N.J. (DTN) -- Domestic ethanol stocks increased for a second straight week during the first week of October as production jumped 2.5% and blending demand eased, Energy Information Administration data released Thursday, Oct. 11, shows.

Data showed builds in ethanol stocks in all regions except Midwest PADD 2 where supply fell 148,000 barrels (bbl) to 7.820 million bbl last week. Still, supply in the region was more than 11.4% above a year ago.

Total domestic ethanol inventories rose 576,000 bbl in the week ended Oct. 5 to 24.021 million bbl, 2.5 million bbl or nearly 12% higher than the corresponding week in 2017.

East Coast PADD 1 supply added 157,000 bbl to 8.099 million bbl last week, an 11.0% year-over-year supply surplus.

At the Gulf Coast PADD 3, stockpiles continued higher, rising 308,000 bbl to 4.737 million bbl. Supply in the region is 17.5% more than the same week last year.

Data showed PADD V West Coast supply increased 256,000 bbl to 2.982 million bbl. For the first time in five weeks, ethanol was imported, with data showing 71,000 barrels per day (bpd) of fuel ethanol imported into the West Coast PADD V.

Plant production increased for the first time in three weeks, rising 25,000 bpd to 1.040 million bpd during the week ended Oct. 5, 7.5% above the corresponding week in 2017. Four-week averaged production was 1.036 million bpd versus 1.001 million bpd during the corresponding four week period in 2017.

Net refiner and blender inputs, a measure for ethanol demand, declined 4,000 bpd to 913,000 bpd during the week-ended Oct. 5, 2.6% lower than a year ago. For the four weeks ended Oct. 5, blending demand averaged 915,000 bpd, 6,000 bpd below the same period in 2017.

(BM/AG)

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