Ethanol Market and Pricing Data – January 5, 2022

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week 9.6 percent lower and are continuing that trend in early week trading, down 2.9 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were lower to end last week and are down 3.5 percent through Tuesday’s market close to their last quote of 68.85 cents/liter (260.62 cents/gallon).

FOB Houston ethanol prices finished last week 13.1 percent lower and are down 3.6 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 64.93 cents/liter (245.79 cents/gallon). FOB Santos, Brazil anhydrous ethanol prices were higher last week; they are down in early week trading, falling 0.9 percent to 70.73 cents/liter (267.725 cents/gallon) through Tuesday’s trading.

The FOB Gulf-Santos, Brazil ethanol spread has widened from last week’s close through Tuesday’s trading and is currently at -5.79 cents/liter (-21.93 cents/gallon).

MTBE prices rose 4.2 percent last week but are recovering in early week trading, up 0.5 percent from Friday’s close through Tuesday’s trading. MTBE’s premium to FOB Houston ethanol has increased from last week’s report and stands at 3.91 cents/liter (14.79 cents/gallon).

BTX component prices were sharply higher last week and are extending those gains through Tuesday’s market close: Benzene is up 2.6 percent while Toluene is up 1 percent, and Xylene is up 2.5 percent. The estimated weighted average aromatic price is currently 75.2 cents/liter (284.67 cents/gallon), up from last Friday’s close. The BTX-Houston ethanol spread widened last week, and the weighted average BTX price is 10.27 cents/liter (38.88 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were higher last week but are mixed in early week trade. RBOB futures are up 2.7 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are down 0.6 and 0.6 percent, respectively. WTI futures are 3 percent higher at $77.48/barrel while Brent futures are up 3.6 percent to $80.59/barrel, from Friday through Tuesday’s close.


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