Ethanol Market and Pricing Data - December 19, 2017

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: U.S. ethanol prices are softer this week as rising stocks and lighter demand pressure the market. Nearby CBOT ethanol futures have continued to move lower following last week’s WASDE report from USDA, despite lower corn futures prices. Nearby ethanol futures are down 0.71 cents/liter (2.7 cents/gallon) from last week, priced at 33.5 cents/liter (126.8 cents/gallon). Midwest rack prices are similarly lower, falling 3.7 percent to 37.28 cents/liter (141.13 cents/gallon) as cash market trading remains quiet amid growing supplies. 

FOB Houston ethanol prices are 6.1 percent lower this week, falling 2.25 cents/liter to 34.58 cents/liter (130.919 cents/gallon). FOB Santos, Brazil ethanol prices are comparatively steady so far this week at 57.842 cents/liter (218.955 cents/gallon). The FOB Santos-FOB Houston spread widened 8.1 percent (1.739 cents/liter or 6.58 cents/gallon) this week to its last quote of -23.257 cents/liter (88.036 cents/gallon). The spread forged its third six-month low in as many weeks, and U.S. ethanol continues to gain competitiveness on the world market.  

MTBE prices bounced 2.4 percent higher this week, rising to 89.871 cents/liter (340.2 cents/gallon). FOB Houston MTBE is priced 16.463 cents/liter (62.32 cents/gallon) above FOB Houston ethanol in early week trading. 

BTX component prices are mixed this week with benzene prices up 2.6 percent week-over-week while toluene prices rose 0.7 percent and Xylene prices lost 0.7 percent. The weighted average aromatic price is currently estimated at 64.84 cents/liter ($2.4543/gallon), up 0.3 percent from last week. The weighted average BTX price is 30.25 cents/liter (114.51 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and petroleum products are higher in early-week trading. RBOB futures rose 2.4 percent on a recovery in the broader energy markets and cash RBOB FOB Houston rose 1.06 cents/liter (4.02 cents/gallon) and 87 octane CBOB FOB Houston increased 1 cent/liter (3.77 cents/gallon). WTI and Brent crude oil futures are both steady-to-slightly higher this week, with WTI up 0.5 percent and Brent up 0.9 percent.

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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.