Ethanol Blog

New York Harbor Spot Ethanol Higher on Short Covering

Spot ethanol prices moved mixed Friday, with New York Harbor values trading 1.5 cents higher on the day at $1.565 gallon, buoyed by a major producer, blender buying fuel ethanol in the open market as it moved to cover a short position.

PADD 1 East Coast, which includes the New York Harbor, saw its fuel ethanol stocks drop by 74,000 barrels to 7.682 million bbl during the week-ended June 16 while flat versus a year ago, U.S. Energy Information Administration data shows.

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

(TN)

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