Ethanol Market and Pricing Data – August 17, 2022

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week 6.2 percent higher but pulled back in early week trading to  fall 2.3 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were higher to end last week and were up 0.7 percent through Tuesday’s market close to their last quote of 73.16 cents/liter (276.94 cents/gallon).

FOB Houston ethanol prices finished last week 3.2 percent higher and are up 0 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 69.44 cents/liter (262.88 cents/gallon). FOB Santos, Brazil anhydrous ethanol prices were lower last week; they are down in early week trading, falling 3.3 percent to 66.48 cents/liter (251.645 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 2.97 cents/liter (11.23 cents/gallon).

MTBE prices fell 5.2 percent last week and continued that trend in early week trading, falling 0.6 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 22.71 cents/liter (85.96 cents/gallon).

BTX component prices were sharply lower last week but reversed those losses through Tuesday’s market close: Benzene was up 3.1 percent while Toluene was up 4.2 percent, and Xylene was up 5.6 percent. The estimated weighted average aromatic price is currently 101.55 cents/liter (384.42 cents/gallon), up from last Friday’s close. The BTX-Houston ethanol spread widened last week, and the weighted average BTX price is 32.11 cents/liter (121.54 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were higher last week but reversed that  trend in early week trade. RBOB futures are down 3.8 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are down 0.5 and 2.8 percent, respectively. WTI futures are 5.7 percent lower at $86.81/barrel while Brent futures are down 5.9 percent to $92.34/barrel, from Friday through Tuesday’s close.

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