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.
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