US ethanol stocks rise 2.4%; production down slightly

08 February 2012 22:03  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol inventories rose for the sixth week in a row last week, despite a small drop in daily production, US Energy Information Administration (EIA) data revealed on Wednesday.

Ethanol stocks stood at 21.1m bbl in the week ended 3 February, up by 2.4% from 20.6m bbl in the previous week.

Meanwhile, ethanol production totalled 923,000 bbl/day, down by 1.7% from 939,000 bbl/day in the week ended 27 January, the EIA said.

US weekly ethanol inventories – m bbl (EIA)
3 Feb	27 Jan	20 Jan	13 Jan	6 Jan
21.1	20.6	19.8	19.5	18.8

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By: William Lemos
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