20 November 2013 22:15 [Source: ICIS news]
HOUSTON (ICIS)--US spot ethanol prices were assessed sharply higher on Wednesday as supplies declined to near-record lows.
Supplies fell by 100,000 bbl for the week ending 15 November, according to statistics from the US Energy Information Administration (EIA), falling to 15.1m bbl, the lowest level since late October when supplies hit an all-time low of 15.0 m bbl.
This is the second straight week prices have increased. Since 6 Nov, spot prices have advanced by an average of 61.13 cents/gal for all regions, an average increase of 33.5%.
Stronger gasoline futures have also lent support to ethanol prices.
Midwest Chicago S. Cal NYH 20-Nov 2.39-2.41 2.34-2.36 2.45-2.47 2.50-2.52 13-Nov 1.99-2.01 1.94-1.96 2.21-2.22 2.23-2.27 6-Nov 1.73-1.75 1.68-1.70 1.91-1.92 1.92-1.94 30-Oct 1.85-1.87 1.80-1.82 2.08-2.09 2.01-2.03
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