US Ethanol Stocks at 35-Week High Irrespective of Modest Desire Strengthen

By DTN Staff members

OAKHURST, N.J. (DTN) — Overall domestic ethanol inventories elevated 1.7% in the week ended Jan. 8 as generation continued increased though demand from customers, while up 4% from a week earlier, stays extra than 12% down below a calendar year previously, knowledge launched by the Vitality Data Administration on Wednesday, Jan. 13, clearly show.

Blending exercise, a measure of need, attained 29,000 barrels for every working day (bpd) to 748,000 bpd, down 12.4% from the exact 7 days in 2020, info present. Blending action during the 4 months ended Jan. 8 averaged 772,000 bpd, 97,000 bpd down below the comparable 12 months-back time period.

At a 35-7 days large 23.692 million barrels (bbl), domestic ethanol offer received 408,000 bbl in the 7 days reviewed, 3% extra than a calendar year ago.

EIA noted East Coast PADD 1 rose 652,000 bbl to a 33-week-superior 7.839 million bbl, although Midwest PADD 2 provide added 54,000 bbl to 7.958 million bbl.

At the Gulf Coastline PADD 3, shares declined for the 1st time in 3 weeks, down 63,000 bbl to 4.579 million bbl, and stocks along the West Coast PADD 5 stocks dropped 229,000 bbl to 2.938 million bbl.

Ethanol plant output received 6,000 bpd to 941,000 bpd in the 7 days finished Jan. 8, 14.1% decreased than the corresponding week in 2019. 4-week ordinary output dropped 131,000 bpd towards a 12 months in the past to 946,000 bpd.

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