US Q2 industrial ethanol contracts rise on booming demand, short supply
HOUSTON (ICIS)–US Q2 industrial ethanol contract prices were assessed at a increase on Wednesday, amid booming demand and short supply.
ICIS assessed the Q2 200-proof industrial ethanol contract price at $4.20-4.80/gal FOB (free on board) US Gulf Coast (USG), and the Q2 190-proof industrial ethanol contract at $4.00-4.60/gal FOB USG.
Industrial contracts were delayed this quarter as market participants were focused on the active spot market and attempting to meet demand.
Ethanol is used as a gasoline blendstock, in pharmaceuticals, and in food and beverage applications, such as hand sanitizers and vodka.
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