Ethanol Market and Pricing Data - October 31, 2017

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: CBOT ethanol futures are higher to start the week as strength in Chicago cash prices rallies the market. Nearby CBOT futures are up 0.74 cents/liter (2.8 cents/gallon) week-over-week while spot Chicago and Chicago Rule 11 product gained 0.26 cents/liter (1 cent/gallon) in early-week trading. Midwest rack prices are 0.26 cents/liter (0.98 cents/gallon) softer this week while FOB U.S. Gulf (Houston) prices are unchanged. The latest quotes peg FOB Houston product at 38.833 cents/liter (147 cents/gallon). 

Ethanol sales have been brisk in Brazil during the last month, sparking higher prices. FOB Santos anhydrous ethanol rose 0.291 cents/liter (1.1 cents/gallon) this week. Hydrous ethanol prices are rising internally, losing some competitiveness against gasoline. The hydrous ethanol/gasoline price ratio rose in the South East, South, and North East of Brazil while staying steady in the Center West region. The ratio is 67 percent in the South East, 73 percent in the South, 69 percent in the Center West, and 80 percent in the East. Typically, hydrous ethanol is competitive against gasoline when its price is 70 percent or less of the fossil fuel. 

Higher FOB Santos prices caused the Houston-Santos FOB price spread to increase this week. The spread, last quoted at -17.462 cents/liter (-66.1 cents/gallon) widened 0.291 cents/liter (1.1 cents/gallon) this week. The spread is hovering less than 0.26 cents/liter (1 cent/gallon) above six-month lows as of its last quote. 

MTBE prices are sharply higher this week and set a new six-month record high. MTBE prices rose 2.1 percent (on top of last week’s 3.7 percent increase), or 1.13 cents/liter (4.29 cents/liter) to end at 56.08 cents/liter ($2.126/gallon). BTX prices were mixed with Benzene prices gaining 1 percent and Toluene and Xylene prices falling 2.6 percent and 1.7 percent, respectively. The weighted average aromatic price is currently estimated at 62.8 cents/gallon ($2.37/gallon) higher (1.6 percent) to end at $0.633/liter ($2.37/gallon). The weighted average BTX price is 25.08 cents/liter (94.9 cents/gallon) higher than FOB Houston ethanol prices and MTBE FOB Gulf is 17.5 cents/liter (66.34 cents/gallon) higher than U.S.-origin ethanol. 

Gasoline prices are higher this week, driven by crude oil prices rising on macroeconomic news. RBOB futures are up 1.69 cents/liter (6.4 cents/gallon) this week while 83.7 octane RBOB gasoline and 87 octane RBOB FOB Houston increased 0.84 cents/liter (3.2 cents/gallon) and 0.77 cents/liter (2.9 cents/gallon) this week. WTI and Brent crude oil futures are 3.7 percent and 4.3 percent higher this week, last quoted at $54.41 and $60.86/barrel, respectively. 

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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.

Brazil Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Brazil.

Read here.

Canada Biofuels Annual 2016 (GAIN)

This report provides an overview on biofuel use in Canada.

Read here.

China Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in China.

Read here.

Colombia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Colombia.

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.

India Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in India.

Read here.

Indonesia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Indonesia.

Read here.

Korea Bioethanol Workshop 2017

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

Read here.

Malaysia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Malaysia.

Read here.

Peru Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Peru.

Read here.

Philippines Biofuels Annual 2017 (GAIN)

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

Read here.

Romania Biofuels Market Overview 2017 (GAIN)

This report provides an overview on biofuel use in Romania.

Read here.

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

This report provides an overview on biofuel use in Spain.

Read here.

Thailand Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Thailand.

Read here.