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
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.
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