EIA: Ethanol Demand Up 4th Straight Week to near 9mos High
OAKHURST, N.J. (DTN) --- Energy Information Administration data released
this morning show slightly lower domestic ethanol inventory in the week ended
May 20 amid progressively higher demand, which climbed to a near nine-month
Blending activity nationally increased a fourth consecutive week, up 4,000
bpd or 0.4% to 915,000 bpd in the week profiled, the highest blend rate since
the last week of August 2021. Refiner and blender inputs, a gauge of demand,
last week were 1% above the comparable week in 2021.
Data show refiner and blender net inputs rose 1,000 bpd along the East Coast
PADD 1 to 329,000 bpd while up 3,000 bpd in the Midwest PADD 2 to 250,000 bpd
while the Gulf Coast PADD 3 rose 2,000 bpd to 155,000 bpd and the West Coast
eased 1,000 bpd to 150,000 bpd.
EIA reported production at U.S. ethanol plants jumped 33,000 bpd or 3.3% to
1.024 million bpd through May 20, an eight-week high, and 1.3% above the same
week in 2021. Plant output averaged 991,000 bpd during the four weeks ended May
20, 3,000 bpd lower than during the comparable four weeks a year ago.
Domestic ethanol inventory decreased 79,000 bbl last week to 23.712 million
bbl, 24.7% higher than the same week in 2021.
East Coast ethanol inventory rose for the first time in five weeks, up
121,000 bbl to 7.527 million bbl and Midwest stocks fell a sixth week, down
379,000 bpd to 9.284 million bbl, the lowest level since last week of December
Ethanol inventory at the Gulf Coast increased a fourth week, rising 111,000
bbl to an eight-week high 4.245 million bbl and supply at the West Coast PADD 5
supply increased a fourth week, up 73,000 bbl to 2.3 million bbl, a six-week
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