Ethanol Stocks Fall
EIA: Ethanol Stocks Dip 0.5%; Output Jumps to 10-Week High
OAKHURST, N.J. (DTN) -- Domestic ethanol inventories continued lower for a second straight week, down 0.5% in the week ended Oct. 23, though plant production rebounded to a 10-week high, Energy Information Administration data released on Wednesday, Oct. 28, show.
At 19.601 million barrels (bbl), domestic ethanol supply fell 120,000 bbl in the week profiled, 7.1% below the same week a year ago.
Data show supply at the East Coast PADD 1 rose for the first time in three weeks, up 248,000 bbl from a three-week low to 6.632 million bbl, a 10-week high, while Midwest PADD 2 supply fell the third week, down 99,000 bbl to 6.122 million bbl, a better-than-four-year low.
At the Gulf Coast PADD 3, stocks declined a second week, down 84,000 bbl to 3.522 million bbl and stocks along the West Coast PADD 5 fell a second week, down 192,000 bbl.
Ethanol plant production rebounded, jumping 28,000 bbl or 3.1% to 941,000 barrels per day (bpd) in the week ended Oct. 23, a seven-week high, though 6.3% lower than the corresponding week in 2019. Four-week average output slid 55,000 bpd against a year ago to 929,000 bpd.
Blending activity, a measure of demand, also increased, up 15,000 bpd to 853,000 bpd in the week ended Oct. 23, 9% lower than the same week in 2019, data show. Blending activity during the four weeks ended Oct. 23 averaged 845,000 bpd, 86,000 bpd below the comparable year-ago period.
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