Ethanol Inventories Rise

EIA: US Ethanol Stocks Continue Higher as Output Jumps

OAKHURST, N.J. (DTN) -- Domestic ethanol inventories posted a third consecutive weekly build through Dec. 3 as production rose 5.3% to a five-week high and demand fell for a third straight week, according to the latest data from the Energy Information Administration.

Overall ethanol production increased 55,000 barrels per day (bpd) to 1.090 million bpd last week, 10% above the same week in 2020.

Midwest PADD 2 plant production rose 52,000 bpd or 5.3% to a five-week high of 1.030 million bpd as of Dec. 3, 9.5% higher than output during the corresponding week last year.

Blending activity fell a third week, sliding 21,000 bpd to 862,000 bpd, a level not seen since the week ended March 19, but 14.2% above the same time in 2020, while blending activity during the four weeks ended Dec. 3 averaged 882,000 bpd versus 793,000 bpd during the same four weeks in 2020.

Midwest blending fell 9,000 bpd in the week under review, while at the East Coast, demand declined 2,000 bpd and Gulf Coast demand fell 5,000 bpd on the week. For the four weeks ended Dec. 3, EIA data show PADD 2 blending activity was at 236,000 bpd, while PADD 1 activity was 320,000 bpd and PADD 3 demand was 150,000 bpd.

Total ethanol inventories held higher, up 163,000 barrels (bbl) to 20.464 million bbl amid gains in PADD 1 and PADD 3 stocks.

East Coast supply rose 312,000 bbl to a four-week high 5.672 million bbl, while Gulf stocks posted a 205,000 bbl build to 3.780 million bbl last week.

EIA data show PADD 2 stocks fell 230,000 bbl to 8.128 million bbl, and West Coast PADD 5 supply fell 146,000 bbl to 2.483 million bbl.