Ethanol Stocks Rise
US Ethanol Stocks Post First Build in 6 Weeks on Output Gain
OAKHURST, N.J. (DTN) -- Energy Information Administration data show domestic ethanol inventories moved off a 25-week low, rising for the first time in six weeks as production of the fuel reached multi-week highs.
Agency data show total ethanol inventories increased 704,000 barrels (bbl) to 20.440 million bbl in the last week of April amid builds across all regions.
Midwest PADD 2 ethanol inventories rose for the first time in seven weeks, edging up 40,000 bbl to 6.473 million bbl as of April 30 while EIA reported East Coast PADD 1 stocks gained for the first time in three weeks, increasing 182,000 bbl to 7.005 million bbl.
Data show Gulf Coast PADD 3 stocks rose 287,000 bbl to 4.418 million bbl and West Coast PADD 5 supply added 165,000 bbl to 2.176 million bbl.
Overall ethanol plant production held higher, up 7,000 barrels per day (bpd) to a four-week high 952,000 bpd while four-week average output was at 945,000 bpd.
EIA reported PADD 2 ethanol plant production posted a second weekly gain, up 0.8% to a four-week high 904,000 bpd.
Blending activity, a measure of demand, climbed 0.8% to 887,000 bpd last week, EIA reported. Blending activity during the four weeks ended April 30 averaged 887,000 bpd versus 552,000 bpd during the comparable year-ago period.
Midwest PADD 2 blending demand edged up 2,000 bpd on the week while, at the Gulf Coast, demand added 1,000 bpd. For the four weeks ended April 30, EIA reports PADD 2 blending activity at 239,000 bpd while PADD 3 activity was 150,000 bpd.
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