EIA: US Ethanol Stocks Edge Up despite 3%% Drop in Output
10/17 10:28 AM
EIA: US Ethanol Stocks Edge Up despite 3% Drop in Output OAKHURST, N.J. (DTN) --- Energy Information Administration data shows domestic ethanol stocks rose for a third straight week, though below recent builds, even as blending demand increased and production dropped. Data showed builds in ethanol stocks in all regions except the Gulf Coast PADD 3 where supply fell 201,000 bbl to 4.536 million bbl last week. Supply in the region is 12.5% more than the same week in 2017. Total domestic ethanol inventories gained 109,000 bbl in the week ended Oct. 12 to 24.130 million bbl, 2.6 million bbl or nearly 12% higher than the corresponding week in 2017. East Coast PADD 1 supply added 61,000 bbl to 8.160 million bbl last week, a 15.5% year-over-year supply surplus. At the Midwest PADD 2, stockpiles gained 74,000 bbl to 7.894 million bbl, nearly 10% above inventory on-hand last year. Data showed PADD V West Coast supply increased 188,000 bbl to 3.170 million bbl. Plant production dropped 29,000 bpd to 1.011 million bpd during the week-ended Oct. 12, 0.8% lower than the corresponding week in 2017. Four-week averaged production was 1.026 million bpd versus 998,000 bpd during the corresponding four week period in 2017. Net refiner and blender inputs, a measure for ethanol demand, rose 11,000 bpd to 933,000 bpd during the week-ended Oct. 12, 1.2% lower than a year ago. For the four weeks ended Oct. 12, blending demand averaged 916,000 bpd, 11,000 bpd below the same period in 2017. (c) 2018 DTN. All rights reserved.