Ethanol Market and Pricing Data – July 27, 2022

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week 5 percent lower but pared those losses in early week trading to  rise 3.2 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were lower to end last week but were up 0.5 percent through Tuesday’s market close to their last quote of 72.83 cents/liter (275.71 cents/gallon).

FOB Houston ethanol prices finished last week 1.3 percent higher but are down 0.6 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 69.68 cents/liter (263.75 cents/gallon). FOB Santos, Brazil anhydrous ethanol prices were higher last week; they are up in early week trading, rising 1.4 percent to 68.61 cents/liter (259.725 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 1.06 cents/liter (4.03 cents/gallon).

MTBE prices fell 8.7 percent last week but took back some of those losses in early week trading, gaining 1.5 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 26.76 cents/liter (101.31 cents/gallon).

BTX component prices were sharply lower last week and continued that trend through Tuesday’s market close: Benzene was down 1.6 percent while Toluene was down 15.3 percent, and Xylene was down 14.7 percent. The estimated weighted average aromatic price is currently 116.47 cents/liter (440.89 cents/gallon), down from last Friday’s close. The BTX-Houston ethanol spread narrowed last week, and the weighted average BTX price is 46.79 cents/liter (177.14 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were mostly lower last week but strengthened in early week trade. RBOB futures are up 5.1 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are up 0.1 and up 1.5 percent, respectively. WTI futures are 0.8 percent higher at $95.43/barrel while Brent futures are up 1.5 percent to $99.87/barrel, from Friday through Tuesday’s close.

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