Ethanol Blog

Spot Ethanol Prices Boosted by Bullish EIA Supply Data

U.S. spot ethanol prices rose in thin early afternoon trade, supported largely by federal data showing U.S. ethanol stockpiles fell to a fresh 2-1/2-year low. Energy Information Administration released data showing U.S. ethanol stocks were drawn down 1.5% last week to 16.2 million bbl, the lowest level since early November 2010, despite an increase in weekly production. Implied demand rose 14,000 or 1.7% to 860,000 bpd last week, an increase of 2.3% from 841,000 bpd reported a year earlier.

George Orwel can be reached at george.orwel@telventdtn.com.

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