Ethanol Blog

West Coast Spot Ethanol Prices Drop on Supply Build

Spot ethanol prices were sharply lower along the West Coast in early afternoon trade Wednesday following the midmorning release of supply data from the Energy Information Administration that showed PADD V West Coast supply gained 96,000 bbl to 2.544 million bbl during the week ended July 20, while 4.2% above the year-ago stock level. The increase coincided with a 10,000 bpd ramp up in domestic production to a 2018 high at 1.074 million bpd, up 62,000 bpd or 6.1% against the comparable year-ago period.

In California, spot prices dropped 8.5cts from a 15-month high, talked in a wide $1.70 to $1.80 gallon spread even as delays in unit trains continued in the region, traders said. In the Pacific Northwest, spot values dropped by a dime to $1.6050 gallon.

Brian Whary can be reached at brian.whary@dtn.com.

(CZ)

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