Ethanol, Fuels and Co-Product Pricing
Market Outlook: U.S. ethanol prices ended last week 1.8 percent higher and traded sharply higher in early week trading, up 9.4 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were higher to end last week and were up 1.6 percent through Tuesday’s market close to their last quote of 63.34 cents/liter (239.75 cents/gallon).
FOB Houston ethanol prices finished last week 6.2 percent higher and are up 1.5 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 63.59 cents/liter (240.71 cents/gallon). FOB Santos, Brazil anhydrous ethanol prices were higher last week; they are down in early week trading, falling 0.2 percent to 66.74 cents/liter (252.625 cents/gallon) through Tuesday’s trading.
The FOB Gulf-Santos, Brazil ethanol spread has narrowed from last week’s close through Tuesday’s trading and is currently at -3.15 cents/liter (-11.92 cents/gallon).
MTBE prices fell 0.2 percent last week but reversed that trend in early week trading, up 2.7 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 17.8 cents/liter (67.37 cents/gallon).
BTX component prices were mixed last week but were mixed through Tuesday’s market close: Benzene was up 0.6 percent while Toluene was up 3.8 percent, and Xylene was up 3.7 percent. The estimated weighted average aromatic price is currently 95.17 cents/liter (360.25 cents/gallon), up from last Friday’s close. The BTX-Houston ethanol spread widened last week, and the weighted average BTX price is 31.58 cents/liter (119.55 cents/gallon) higher than the FOB Houston ethanol price.
Gasoline and petroleum products were mostly higher last week and extended that rally in early week trade. RBOB futures are up 9.3 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are up 10.6 and up 5.4 percent, respectively. WTI futures are 15.6 percent higher at $105.92/barrel while Brent futures are up 11.5 percent to $104.97/barrel, from Friday through Tuesday’s close.
Price Database: If you are interested in historical price data, please click here.