Ethanol Blog

Spot Ethanol Prices Post Losses on Higher Ethanol Supply

Spot ethanol prices retreated further Thursday afternoon on easing supply concerns after Energy Information Administration data showed ethanol stocks surged to a 16.5 million bbl seven-week high last week, with East Coast supply at a 5.5 million bbl, 10-week high.

Prompt transfer ethanol at Argo near Chicago was discussed at a $2.30 to $2.35 per gallon bid/ask, down 7.5 cents, with today delivered ethanol barge at Sewaren in the New York Harbor talked at a $2.35 to $2.52 per gallon bid/ask, down 2.0 cents. Prompt delivered ethanol in northern California traded at $2.71 per gallon, down 5.0 cents.

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

(ES)

Comments

To comment, please Log In or Join our Community .