Trade sources said West Coast ethanol prices were boosted by tight supply and increased buying interest, with Chicago prices little changed and New York prices a tad lower.
This week ethanol shipment in northern California was discussed at a $2.33 to $2.35 gallon bid/ask, up 7.0 cents, while prompt ethanol in Pacific Northwest traded at $2.29 gallon, up 5.0 cents on the day. "We have a strong market on the West Coast today, with lots of (people) looking to buy," said one trader. "The physical supply is tight," added another trader.
George Orwel can be reached at email@example.com
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