OAKHURST, N.J. (DTN) -- Domestic ethanol inventory fell for the first time in five weeks during the final week of January, while production rebounded after two weekly drops and blending demand held to the upside, according to data released Wednesday, Feb. 5, from the Energy Information Administration.
Data show U.S. ethanol supply fell for the first time in five weeks, dropping 770,000 barrels (bbl) in the week ended Jan. 31 to 23.474 million bbl, 1.7% below the same week last year.
Ethanol supply in PADD 1 East Coast fell for the first time in five weeks, falling 352,000 bbl to 8.376 million bbl, a 9.1% year-over-year supply surplus while PADD 2 Midwest inventories declined for the first time in three weeks, down 147,000 bbl to 8.249 million. PADD 2 stocks are 2.5% higher than the corresponding week in 2019.
PADD 3 Gulf Coast ethanol supply fell for a second week, down 101,000 bbl to 3.899 million bbl in the week ended Jan. 31, a near-19% year-over-year supply deficit. PADD 5 West Coast ethanol supply fell 177,000 to 2.542 million bbl last week.
Plant operators ramped up production after two weekly declines, with output up 52,000 barrels per day (bpd) or 5.1% to 1.081 million bpd, which was about 12% more than the same week last year. For the four weeks ended Jan. 31, output averaged 1.063 million bpd versus 1.015 million bpd in the same four weeks of 2019.
Refiner and blender net inputs increased a fourth straight week, up 15,000 bpd or nearly 2% to average 888,000 bpd during the week reviewed, up 1,000 bpd from the same week in 2019. During the four weeks ended Jan. 31, blending activity averaged 870,000 bpd, down 5,000 bpd against year ago.
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