14 March 2012 20:32 [Source: ICIS news]
HOUSTON (ICIS)--US ethanol inventories came down alongside lower production rates, according to data released by the Energy Information Administration (EIA) on Wednesday.
Ethanol inventories for the week that ended on 9 March were at 22m bbl, down by 100,000 bbl or 0.5% from 22.1m bbl a week earlier.
It was the first time in two weeks that domestic inventories came down.
Meanwhile, ethanol production was at 892,000 bbl/day, down by 14,000 bbl/day or 1.5% from 906,000 bbl/day the previous week.
US weekly ethanol inventories – m bbl (EIA)?xml:namespace>?xml:namespace> 9 Mar 2 Mar 25 Feb 17 Feb 10 Feb 22.0 22.1 22.0 21.5 21.5
US weekly ethanol inventories – m bbl (EIA)?xml:namespace>?xml:namespace>
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