Ethanol Blog

Most Spot Ethanol Prices Lifted by Supply Crunch

Spot ethanol prices traded higher in the Midwest, Arizona, and New York early Thursday, boosted by talk of tighter physical supply availability while demand grew, a trade source said. It comes a day after the Energy Information Administration detailed ethanol production fell to the lowest level in nine weeks, down 0.8% to 965,000 bpd for the week-ended July 24, while implied demand rose 0.7% to a three-week high of 903,000 bpd. July Argo ethanol traded at $1.495 gallon, August Argo ethanol traded at $1.505 gallon, up 1.0cts. Chicago ethanol under Rule 11 traded at $1.50 gallon, up 3.0cts. Arizona spot ethanol traded at $1.64, $1.65 gallon and was then pegged at $1.66 gallon for a 1.0cts gain, while a New York Harbor barge was offered at $1.60 for 1.5cts gain.

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

(CZ)

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