Ethanol Market and Pricing Data - January 9, 2018

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: U.S. ethanol and energy prices are generally weaker to start the second week of 2018. February CBOT ethanol futures are down 2.9 percent from last Tuesday while wholesale rack prices are off slightly (down 0.4 percent). Wholesale rack prices are now only a penny/gallon above their five-year low. Winter driving demand (or lack thereof) is pressuring ethanol demand in the U.S., sending prices lower. 

FOB Houston ethanol prices are down 0.893 cents/liter (3.38 cents/gallon) to start this week. The latest FOB Houston quotes value the product at 35.847 cents/liter (135.69 cents/gallon), a 2.4 percent decrease from last week. FOB Santos, Brazil ethanol prices are 2.6 percent higher this week, gaining 1.536 cents/liter (5.82 cents/gallon) to their last quote of 59.799 cents/liter (226.365 cents/gallon). The FOB Houston-Santos spread moved in favor of U.S.-origin product again this week, falling 2.42 cents/liter (9.2 cents/gallon) to its last quote of -23.953 cents/liter (-90.671 cents/gallon). The spread is now at its lowest in the past five years. 

MTBE prices are 1.2 percent higher than last week, rising to 53.59 cents/liter (202.11 cents/gallon). FOB Houston MTBE is 17.54 cents/liter (66.41 cents/gallon) above FOB Houston ethanol in early week trading. 

BTX component prices are mixed to start this week’s trading with benzene prices slightly higher (0.3 percent), toluene prices 2.6 percent lower, and xylene prices up 1.5 percent. The weighted average aromatic price is currently estimated at 64.45 cents/liter ($2.4399/gallon), up 0.1 percent from last week. The weighted average BTX price is 28.608 cents/liter (108.29 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and petroleum products are sharply higher in early-week trading. RBOB futures are 2.9 percent higher than last week while cash RBOB and CBOB (FOB Houston) are slightly higher (0.5 percent and 0.7 percent, respectively). WTI and Brent crude oil futures are higher from a week ago, with WTI gaining $1.49/barrel and Brent up $1.17/barrel. 

Note on price discovery methodology: Price indications for given commodities/locations presented in this report are generated via analysis of multiple industry sources. Please note that the prices reported here are indications, provided by the U.S. Grains Council as a convenience for customers, members and others in the ethanol industry and are not legally binding, including for used related to buying, selling, or trading ethanol.

Chart 1
Chart 2
Chart 3
Chart 4
Chart 5
Chart 6
Chart 7
Chart 8
Chart 9

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.