Ethanol Blog

Spot Ethanol Prices Mostly Lower on Output Hike

Spot ethanol prices traded mostly lower during a busy trading session on Wednesday after the Energy Information Administration showed domestic ethanol production rose while blending activity was little changed during the week-ended Aug. 5.

Plant output was up 14,000 bpd to 1.018 million bpd during the week -- the second highest weekly output rate on record, and up 53,000 bpd or 5.5% year-over-year. Refiner and blender inputs of ethanol were down 1,000 bpd to 950,000 bpd.

Prompt delivered ethanol at the Argo supply hub in the Chicago market traded at $1.41 per gallon, down a penny. Chicago ethanol under Rule 11 for this week shipment was talked at $1.385 to $1.40 per gallon, down 1.75 cents. New York Harbor August ethanol barges was valued at $1.485 gallon, down 1.0 cent. Spot prices in Arizona traded 0.5 cents lower at $1.515 per gallon.

Large losses were seen in the compliance market, with 2016 D6 RINs down 9.5 cents to 74.0 cents amid high supply.

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

(ES)

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