Ethanol Market and Pricing Data – January 8, 2019

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week up 2.2 percent but have fallen back in early week trading. Midwest wholesale rack ethanol prices were up 1.2 percent to end last week; they are down 0.4 percent to start this week with prices at 37.66 cents/liter (142.57 cents/gallon) through Tuesday’s trading.

FOB Houston ethanol prices finished last week up 2.2 percent; prices are up through Tuesday’s trading (2.7 percent) from Friday’s close. FOB Houston ethanol prices are quoted at 36.837 cents/liter (139.44 cents/gallon). FOB Santos, Brazil ethanol prices ended last week up slightly; prices continue up from Friday’s close and stand at 51.857 cents/liter (196.30 cents/gallon) through Tuesday’s trading.

The FOB Gulf-Santos, Brazil spread widened from last week’s close through Tuesday’s trading and is currently at -15.020 cents/liter (-56.856 cents/gallon).

MTBE prices were up slightly to end last week and continue up to start this week. MTBE’s premium to FOB Houston ethanol widened from last week and now stands at 8.42 cents/liter (31.88 cents/gallon).

BTX component prices were mixed to end last week and continue mixed through Tuesday’s trading, with Benzene prices up 1.3 percent, Toluene prices down 1.4 percent and Xylene prices up 4.3 percent. The estimated weighted average aromatic price is currently 51.33 cents/liter (194.31 cents/gallon), up 2.2 percent from last Friday’s close. The BTX-Houston ethanol spread was mostly unchanged this week; the weighted average BTX price is 14.493 cents/liter (54.86 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were up across the board to end last week. This week, RBOB futures are up; 84 (Houston) and 87 (U.S. Gulf) octane gasoline prices are up both up fractionally. WTI futures are up 3.8 percent to $49.77/barrel, and Brent futures are up 2.9 percent at $58.72/barrel, from Friday’s close through Tuesday’s trading.

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