US ethanol stocks drop for second week, production rates rise

16 May 2012 21:36  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol inventories came down for the second consecutive week, while production increased from the previous week, according to data released by the Energy Information Administration (EIA) on Wednesday.

Ethanol inventories for the week that ended on 11 May were at 20.6m bbl, down by 800,000 bbl or 3.7% from 21.4m bbl a week earlier.

Ethanol production was at 904,000 bbl/day, up by 7,000 bbl/day or 0.8% from 897,000 bbl/day the previous week.

US weekly ethanol inventories – m bbl (EIA)
11 May	4 May	27 Apr	20 Apr	13 Apr
20.6	21.4	22.2	21.9	22.0

By: Brian Balboa
+1 713 525 2653

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