Marquis Energy sees China importing 400,000 metric tons of US ethanol in 2018

In China, Reuters reports that Marquis Energy believes US ethanol exports to China could reach 400,000 metric tons this year as long as an additional 15% tariff isn’t added to the current 30% tariff in retaliation for US steel import tariffs. Some estimates had been as high as 800,000 tons but the threat of higher tariffs has damned expectations. The country will need 12 million tons per year by 2020 to comply with its E10 mandate that will go into effect that year, and domestic production could reach as much as 3 million tons in 2018.