EIA: Ethanol Stocks Continue Lower

EIA: Ethanol Stocks Continue Lower

OAKHURST, N.J. (DTN) -- Ethanol supply in the United States declined for a second week last week, though plant production rebounded from an 18-week low, Energy Information Administration data released Wednesday, Aug. 28, shows.

Overall supply decreased 385,000 barrels (bbl) in the week ended Aug. 23 to 22.982 million bbl, 0.4% lower than the same week in 2018.

EIA data shows ethanol stocks added 62,000 bbl in the PADD 2 Midwest producer region to 7.754 million bbl, up 2.6% versus the same week last year.

Ethanol inventory were mixed in the destination markets, with PADD 1 East Coast supply declining for a second week, down 452,000 bbl in the week ended Aug. 23 to 6.961 million bbl, a 7.9% year-over-year supply deficit. PADD 3 Gulf Coast inventory rose 259,000 bbl last week to 5.271 million bbl, 3.9% higher than last year, while PADD 5 West Coast stockpiles fell 262,000 bbl to 2.626 million bbl, about 4% above year ago.

Agency data showed output at U.S. production plants rebounded from the lowest level since about mid-April, rising 15,000 barrels per day (bpd) or 1.5% in the week ended Aug. 23 to 1.038 million bpd. Data show plant output down 32,000 bpd or 3% against year ago. During the four weeks ended Aug. 23, U.S. plant production averaged 1.037 million bpd compared to a 1.079 million bpd production rate during the comparable period a year ago.

Net ethanol inputs by refiners and blenders fell 6,000 bpd to 955,000 bpd, 0.5% more than the same week in 2018. During the four weeks ended Aug. 23, the ethanol blend rate averaged 957,000 bpd, which compares with the year-ago pace of 946,000 bpd.

(BM/AG)