European ethanol stocks grow in anticipation of short-term demand increase

In the Netherlands, Platts reports the European ethanol market is expecting demand to return to pre-COVID levels soon and as such producers have continued at their standard run rates since the fall. As a result, stocks have been building at the Amsterdam-Rotterdam-Antwerp hub, so gasoline storage tanks have been shifted to store ethanol instead while the supplies wait for demand to pick back up. Already T1 ethanol prices have jumped by a third since the start of the year despite most countries still imposing significant travel restrictions and lockdowns.