Ethanol Market and Pricing Data - January 23, 2018

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: U.S. ethanol and energy prices are generally higher to start this week. February CBOT ethanol futures are down 1.8 percent from Monday’s close while Midwest wholesale rack ethanol prices are down 1 percent. 

FOB Houston ethanol prices are up 0.196 cents/liter (0.74 cents/gallon) from last week. Prices are likely to continue increasing this week as the recent production drop-off tightens the market. FOB Santos ethanol increased 1 percent last week (up 0.601 cents/liter to 60.604 cents/gallon or 2.27 cents/gallon to 229.41 cents/gallon). 

The FOB Houston-Santos spread again moved in favor of U.S.-origin product this week, falling 0.405 cents/liter (1.53 cents/gallon) to its last quote of -23.669 cents/liter (-89.59 cents/gallon). Friday’s close marked the lowest weekly close in the past six months and the spread is approaching all-time lows. 

MTBE prices are 2.3 percent higher in early week trading at 55.85 cents/liter (211.41 cents/gallon). FOB U.S. Gulf MTBE is now 18.913 cents/liter (71.59 cents/gallon) higher than FOB Houston ethanol. 

BTX component prices started this week with a sharply higher tone, with benzene prices up 2 percent, toluene up 2.3 percent, and xylene up 8.2 percent. The weighted average aromatic price is currently estimated at 69.03 cents/liter ($2.6132/gallon), up 5.5 percent from last week. The weighted average BTX price is 32.099 cents/liter (121.51 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and petroleum products are higher to start the current week. RBOB futures are 2.8 percent higher (1.31 cents/liter or 4.96 cents/gallon) while 84 octane RBOB and 87 octane CBOB are each 2.5 percent higher. WTI crude oil futures are up $1.45/barrel from last week while Brent futures have risen $1.53/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.

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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.