Tag: Platts

February ethanol exports hit record high following January logistical challenges

February ethanol exports hit record high following January logistical challenges

April 9, 2018 |

In Texas, Platts reports February ethanol exports soared 58% on the year to 827.9 million liters and a whopping 148% on the month as supplies finally made their way to destination markets after winter weather got in the way of logistics in January and February, causing delays. The figure is the highest volume ever recorded […]

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February corn consumption for ethanol fell 9% on month

February corn consumption for ethanol fell 9% on month

April 3, 2018 |

In Washington, Platts reports data from the US Department of Agriculture showing corn consumption for ethanol in February fell nearly 9% from the prior month but was 2.4% higher on the year at 433.622 million bushels with 90.7% for dry milling and 9.3% for wet milling. So far, for the marketing year that began September […]

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Philippines domestic ethanol prices jump another 7% in March

Philippines domestic ethanol prices jump another 7% in March

April 3, 2018 |

In the Philippines, Platts reports that domestic ethanol prices soared more than 7% in March to $1,035.2/cu m, the highest in 13 months. Higher prices were driven by a more than 20% increase in molasses prices, themselves at a six-month high. With sugar-based drinks taxed less than those made from high fructose corn syrup, sugar […]

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PES deal on RINs could cut ethanol mandate by 2%

PES deal on RINs could cut ethanol mandate by 2%

March 28, 2018 |

In Washington, Platts reports that consultants the Brattle Group believe if Philadelphia Energy Solutions is allowed to forego half of its RIN buy for 2016 and 2017 as part of a proposed settlement with the Department of Justice, as much as 2% of the ethanol blending mandate would shrink and RIN prices would fall accordingly […]

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Brazilian hydrous ethanol production soars 70% on year during H1 March

Brazilian hydrous ethanol production soars 70% on year during H1 March

March 26, 2018 |

In Brazil, Platts reports that UNICA figures show hydrous ethanol production during the first half of March jumped 70% on the year to 244 million liters, more than double that produced during the last half of February. With hydrous ethanol prices reaching the highest levels since Platts began tracking them in April 2014, it’s no […]

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Philippines domestic ethanol prices rises again on higher molasses prices

Philippines domestic ethanol prices rises again on higher molasses prices

March 22, 2018 |

In the Philippines, Platts reports that the reference price for domestic ethanol rose another 5% in February to $965/cu m compared to the average CIF Philippines price for the month of $489.95/cu m. Domestic producers are discounting their prices by almost 10% in an effort to attract demand in light of imported ethanol costing about […]

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European T2 ethanol margins at 18-month lows due to low demand and higher feedstock prices

European T2 ethanol margins at 18-month lows due to low demand and higher feedstock prices

March 15, 2018 |

In the Netherlands, Platts reports that T2 ethanol margins are at 18-month lows of Eur4.85/cu m and Eur3.50/cu m against EU milling wheat and corn due to oversupplies in the market with ethanol prices quoted at Eur449/cu m FOB Rotterdam on Tuesday. Demand typically eases in Q4 and Q1 but continued imports and more expected […]

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Brazilian ethanol imports held steady in February but still down 37% on year

Brazilian ethanol imports held steady in February but still down 37% on year

March 7, 2018 |

In Brazil, Platts reports data from the Secretariat of Foreign Trade (SECEX) shows ethanol imports were mostly steady in February at 163.3 million liters, only 1% lower than in January thanks to continued demand during the inter-harvest season and low US ethanol prices that make arbitrage viable despite the 20% import tariff. The tariff is […]

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January corn use for ethanol down slightly from December

January corn use for ethanol down slightly from December

March 5, 2018 |

In Texas, Platts reported new USDA data showing lower corn consumption for ethanol in January compared with December, down 2.4% to 476.129 million bushels, but the figure was still slightly higher than January 2017. More than 90% of the corn consumed was for dry milling while the remainder was wet milling. Ethanol production remains the […]

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Philippines lowers Q2 domestic ethanol quota

Philippines lowers Q2 domestic ethanol quota

March 1, 2018 |

In the Philippines, Platts reports the Q2 domestic ethanol allocation has been set at 73,650 cu m, broken down into monthly allotments for April, May and June of 24,550 cu m. The total quarterly quota for Q2 is 2,140 cu m lower than Q1 and 3,250 cu m lower than Q2 2017. After rising ethanol […]

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