Ethanol exports help to draw down stocks in US Gulf Coast region

March 3, 2016 |

In Texas, the Energy Information Agency says ethanol stocks in the Gulf Coast region fell by 688,000-barrel thanks to a jump in exports to destinations including China, Brazil and India. With at least a 40 cent per gallon premium on ethanol futures prices for shipment into the Philippines and as much as 80 cents a gallon for ethanol into the Brazilian port of Santos, stocks that have been building across the country are finding new homes in foreign markets. The Rocky Mountain region is the only other that saw stocks fall last week, according to EIA data.

Category: Fuels

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