US ethanol supply grows, while production drops on weak demand

29 February 2012 22:20  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol inventories were up from last week, as production rates came down, according to Energy Information Administration (EIA) data revealed on Wednesday.

Ethanol inventories for the week that ended on 24 February were at 22m bbl, up by 500,000 bbl, or 2%, from 21.5m bbl the previous week.

Meanwhile, ethanol production was at 896,000 bbl/day, down by 23,000 bbl, or 2.5%, from 919,000 bbl/day a week earlier.

The growing domestic inventories have contributed to the lack of trading within the US fuel ethanol sector, as well as weak demand from the gasoline sector.

US weekly ethanol inventories – m bbl (EIA)

25 Feb

17 Feb

10 Feb

3 Feb

27 Jan

22.0

21.5

21.5

21.1

20.6

 ($1 = €0.74)


By: Brian Balboa
+1 713 525 2653



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