Chinese exports draw down East Coast stocks while Kinder Morgan looks to reload

March 10, 2016 |

In Washington, the Energy Information Agency says East Coast ethanol stocks fell by 219,000 barrels as a result of exports to China, a stark contrast to other regions apart from the West Coast that saw stocks increase due to lack of demand and hit an all-time high of 23.31 million barrels. The Chinese exports were likely booked some time ago making it difficult to guess sales prices or origins. Kinder Morgan’s Argo, Illinois storage facility is filling up so product has been directed to the New York market instead.

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