US ethanol stocks drop for second week while rates increase

13 June 2012 20:42  [Source: ICIS news]

HOUSTON (ICIS)--US ethanol inventories came down in the first full week of June, while production picked up, according to Energy Information Administration (EIA) data released on Wednesday.

Ethanol inventories for the week that ended on 8 June were at 20.7m bbl, down by 500,000 bbl/day or 2% from 21.2m bbl a week earlier.

The drop also market the second consecutive week that ethanol inventories have come down.

Meanwhile, ethanol production was at 920,000 bbl/day, up by 16,000 bbl/day or 1.8% from 904,000 bbl/day the previous week.

 

US weekly ethanol inventories – m bbl (EIA)

8 Jun

1 Jun

25 May

18 May

11 May

20.7

21.2

21.5

21.4

20.6

 


By: Brian Balboa
+1 713 525 2653



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