Ethanol Market and Pricing Data – July 21, 2021

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week 3.3 percent higher but are paring those gains in early week trading, down 0.9 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were lower to end last week and are down 0.1 percent through Tuesday’s market close to their last quote of 63.41 cents/liter (240.03 cents/gallon).

FOB Houston ethanol prices finished last week 3.9 percent lower but are up 0.9 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 60.39 cents/liter (228.61 cents/gallon). FOB Santos, Brazil anhydrous ethanol prices were higher last week; they are steady in early week trading, priced at 68.99 cents/liter (261.145 cents/gallon) as of Tuesday’s close.

The FOB Gulf-Santos, Brazil ethanol spread has narrowed from last week’s close through Tuesday’s trading and is currently at -8.59 cents/liter (-32.53 cents/gallon).

MTBE prices rose 1 percent last week but are reversing that trend in early week trading, down 3.1 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 -1.55 cents/liter (-5.87 cents/gallon).

BTX component prices were higher last week and are adding to those gains through Tuesday’s market close: Benzene is up 1.3 percent while Toluene is up 0.4 percent, and Xylene is steady. The estimated weighted average aromatic price is currently 74.52 cents/liter (282.08 cents/gallon), up from last Friday’s close. The BTX-Houston ethanol spread narrowed last week, and the weighted average BTX price is 14.12 cents/liter (53.47 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were lower last week and are continuing that trend in early week trade. RBOB futures are down 5.4 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are down 5.1 and 6.1 percent, respectively. WTI futures are 6.4 percent lower at $67.2/barrel while Brent futures are down 6.8 percent to $68.59/barrel, from Friday through Tuesday’s close.

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