OAKHURST, N.J. (DTN) -- Domestic ethanol inventories increased for the first time in three weeks during the week ended Sept. 18 as implied demand continued the up-down pattern seen over the past four weeks, data released by the Energy Information Administration on Wednesday, Sept. 23, show.
At 19.997 million barrels (bbl), domestic ethanol supply added 199,000 bbl in the week reviewed, while the year-over-year supply deficit narrowed from nearly 15% to 11.1%.
Supply at the East Coast PADD 1 rose 1.6% for a second straight week while Midwest inventory edged lower for a third weekly decline. At the Gulf Coast PADD 3, stocks gained for a second week, up 77,000 bbl in the week profiled while West Coast PADD 5 stocks added 34,000 bbl.
Blending activity, a measure of demand, fell 6,000 barrels per day (bpd) to 839,000 bpd in the week ended Sept. 18, down 10.3% from the same week in 2019, data show. Blending activity during the four weeks ended Sept. 18 averaged 844,000 bpd, 87,000 bpd below the comparable year-ago period.
Ethanol plant production fell for a second consecutive week, sliding 20,000 bpd in the week ended Sept. 18 to 906,000 bpd, a 12-week low and 3.9% lower than the corresponding week in 2019. Four-week average output is down 72,000 bpd against a year ago at 924,000 bpd.
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