Ethanol Market and Pricing Data – April 7, 2021

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week 3.2 percent higher but are reversing those gains in early week trading, down 0.5 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were higher to end last week and are up 1.2 percent through Tuesday’s market close to their last quote of 53.1 cents/liter (200.99 cents/gallon).

FOB Houston ethanol prices finished last week 1 percent higher and are up 1.8 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 53.13 cents/liter (201.11 cents/gallon). FOB Santos, Brazil anhydrous ethanol prices were lower last week; they are down in early week trading, falling 1.4 percent to 50.18 cents/liter (189.94 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 2.95 cents/liter (11.17 cents/gallon).

MTBE prices rose 1.8 percent last week and are extending those gains in early week trading, up 1 percent from Friday’s close through Tuesday’s trading. MTBE’s premium to FOB Houston ethanol has decreased from last week’s report and stands at 2.59 cents/liter (9.81 cents/gallon).

BTX component prices were sharply higher last week and are continuing that trend through Tuesday’s market close: Benzene is up 6 percent while Toluene is up 0.2 percent, and Xylene is up 0.6 percent. The estimated weighted average aromatic price is currently 68.87 cents/liter (260.7 cents/gallon), up from last Friday’s close. The BTX-Houston ethanol spread narrowed last week, and the weighted average BTX price is 15.74 cents/liter (59.6 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were higher last week but are pulling back in early week trading. RBOB futures are down 2.8 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are down 2.3 and 3 percent, respectively. WTI futures are 3.4 percent lower at $59.33/barrel while Brent futures are down 3.5 percent to $62.6/barrel, from Friday through Tuesday’s close.

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