Ethanol Market and Pricing Data - September 26, 2017

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: Ethanol markets are lower to start the week with U.S. production margins falling and ethanol stocks growing 6,000 barrels. CBOT ethanol futures are down 7.2 cents/gallon (1.9 cents/liter) from last Tuesday while U.S. wholesale rack prices are down 2.8 cents/gallon (0.74 cents/liter) on light buying activity. 

FOB Houston prices are 2 cents/gallon (0.528 cents/liter) lower this week while Brazilian FOB Santos ethanol is offered 1.1 cents/gallon (0.291 cents/liter) lower than last week. This week’s price decrease for FOB Santos ethanol is a continuation of the pullback that started last week. Brazilian prices rose steadily through the summer but are finding difficulty moving higher on increased production. The FOB Houston-Santos, Brazil spread widened 0.9 cents/gallon (0.238 cents/liter) this week, favoring U.S.-origin ethanol by 48.5 cents/gallon (12.812 cents/liter). 

MTBE are lower for the second consecutive week while BTX component prices are steady to slightly higher. As logistics continue to unsnarl from the hurricanes that damaged the U.S. Gulf and East coasts, import/export logistics for these products continues to improve. MTBE prices fell 13.76 cents/gallon (3.64 cents/liter) from last week while the weighted average BTX price rose 3.7 cents/gallon (1 cent/liter), or 1.5 percent. Most notably, Benzene prices fell 1 cent/gallon (0.3 cents/liter) while Toluene price rose 9 cents/gallon (2.4 cents/liter) from their prior week values. 

The weaker price action and light trading in ethanol is in stark contrast to the sharply higher petroleum markets. Concerns about another East Cost refiner shut down from Hurricane Maria are pushing petroleum markets higher. Hurricane Maria isn’t expected to make landfall on the East Coast but will likely alter shipping routes and increase freight rates, prompting traders to add a risk premium to prices along the coast. WTI crude oil is up $2.03/gallon ($0.5363/liter) from last week while Brent crude oil is up 5.5 percent ($3.04/gallon or $0.8031/liter). Gasoline prices have followed suit with RBOB futures gaining 4.3 cents/gallon (1.14 cents/liter) and FOB Gulf gasoline prices up 3-4 cents/gallon (0.8-1.06 cents/liter).

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Price Database: If you are interested in historical price data, please click here.

2. Tariff Rates

HS Codes
Global Tariff Rates

Tariff Rate Database: If you are interested in tariff rate data for all U.S. export markets, please click here.

3. Additional Market Resources

If you are interested in any of the reports described here, please click here.

USDA GAIN Reports

Title

Description

Link

Argentina Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Argentina.

Read here.

EU-28 Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in the EU-28.

Read here.

EU-28: Biofuel Mandates in the EU by Member State (GAIN)

This report provides an overview on the biofuel use mandates in the various EU member states. It supplements the EU-28 Biofuels Annual Report.

Read here.

Canada Biofuels Annual 2016 (GAIN)

This report provides an overview on biofuel use in Canada.

Read here.

Brazil Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Brazil.

Read here.

China Biofuels Annual 2016 (GAIN)

This report provides an overview on biofuel use in China.

Read here.

India Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in India.

Read here.

Philippines Biofuels Annual 2016 (GAIN)

This report provides an overview on biofuel use in the Philippines.

Read here.

Peru Biofuels Annual 2016 (GAIN)

This report provides an overview on biofuel use in Peru.

Read here.

Indonesia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Indonesia.

Read here.

Romania Biofuels Market Overview 2017 (GAIN)

This report provides an overview on biofuel use in Romania.

Read here.

Thailand Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Thailand.

Read here.

Spain's Biodiesel and Renewable Diesel Overview 2017 (GAIN)

This report provides an overview on biofuel use in Spain.

Read here.

Korea Bioethanol Workshop 2017

The report includes an overview of the 2017 Bioethanol Workshop and Roundtable in Seoul, Korea.

Read here.