Tag: Platts

March ethanol exports up 68% on year to 814.2 million liters

March ethanol exports up 68% on year to 814.2 million liters

May 7, 2018 |

In Texas, Platts reports that March ethanol exports rose nearly 70% over last year at 814.2 million liters but fell slightly over February’s figure. Despite the early start to the Brazilian sugarcane crush in March rather than April, the country was still the main destination for exports, receiving 363.19 million liters. Canada overtook China as […]

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Ethanol crush margin slides to three-week low as maintenance period ends

Ethanol crush margin slides to three-week low as maintenance period ends

April 30, 2018 |

In Illinois, Platts reports that the crush margin for corn-based ethanol fell to three-week lows of 5.94 cents/gal Friday with an eye on ethanol production coming back online over the next few weeks as maintenance season comes to an end. Dry weather in Brazil has led to higher corn futures after concerns that continued dryness […]

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China’s March ethanol imports soar more than 20,000% on year

China’s March ethanol imports soar more than 20,000% on year

April 26, 2018 |

In China, Platts reports that ethanol imports in March rose more than 20,000% to 176,468 cu m, compared to just 2,457 cu m in March 2017. As a result, quarterly imports hit a whopping 494,823 cu m thanks to US ethanol that is so cheap, traders are making money importing ethanol despite a 30% import […]

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California rail ethanol prices jump on short supplies driven by export demand

California rail ethanol prices jump on short supplies driven by export demand

April 23, 2018 |

In California, Platts reports a spike in ethanol prices last week with rail cars with sub-71 carbon intensity (CI) trading at $1.77/gal Friday while rail cars with 93.55 CI at $1.4875/gal Friday. Plant maintenance as well as lack of supply has been responsible for driving up prices lately thanks to increased demand for exports from […]

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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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