Ethanol Blog

Spot ethanol prices rallied in early afternoon trade Wednesday at the New York Harbor and in Chicago after the Energy Information Administration showed a 600,000 bbl draw for ethanol stockpiles while demand increased 1.2% during the week-ended Sept. 20. PADD 1 East Coast stocks tumbled a whopping 500,000 bbl to 5.3 million bbl, marking the lowest stock level recorded by EIA for the region. PADD 2 Midwest stocks at 5.0 million bbl were at a three-week low. Ethanol for today transfer at the Kinder Morgan-operated Argo terminal near Chicago traded at $2.45 and $2.47 gallon, gaining 16.0cts for the day. October New York Harbor barged ethanol was talked at a $2.26 to $2.30 gallon bid/ask, up 9.0cts on the day.

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

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