US ethanol stocks rise 3.7% despite production drop

09 February 2011 21:34  [Source: ICIS news]

HOUSTON (ICIS)--US fuel ethanol inventories rose by 3.7% in the first week of February despite a small drop in daily production, the US Energy Information Administration (EIA) said on Wednesday.

Ethanol stocks stood at 19.58m bbl in the week ended 4 February, up from 18.89m bbl a week earlier, the government said.

The increase in inventory levels likely stemmed from logistics delays caused by bad weather in most of the US.

The weather is keeping trucks and railcars from reaching their markets, a broker said.

US production of the biofuel was down last week, according to the EIA, which showed ethanol output dropping by 1.0% to 900,000 bbl/day.

US ethanol production in January was an average of around 908,000 bbl/day, down by 1.3% from 920,000 bbl/day in December.

US weekly ethanol inventories – m bbl (EIA)

4 Feb

28 Jan

21 Jan

14 Jan

7 Jan

19.58

18.89

19.04

17.80

17.09

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By: William Lemos
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