Ethanol Market and Pricing Data – June 11, 2019

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices ended last week down 1.7 percent; they rebounded and are up 2.2 percent in early week trading. Midwest wholesale rack ethanol prices were up 0.4 percent to end last week; they are down slightly this week to 42.37 cents/liter (160.40 cents/gallon) through Tuesday’s trading.

FOB Houston ethanol prices finished last week up 3.5 percent; prices are down 1.4 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 41.58 cents/liter (157.41 cents/gallon). FOB Santos, Brazil ethanol prices ended last week up 2.1 percent; they continue up fractionally from Friday’s close and stand at 51.22 cents/liter (193.91 cents/gallon) through Tuesday’s trading.

The FOB Gulf-Santos, Brazil spread widened significantly from last week’s close through Tuesday’s trading and is currently at -9.64 cents/liter (-36.49 cents/gallon).

MTBE prices were down to end last week; they continue down 0.4 percent to start this week. MTBE’s premium to FOB Houston ethanol narrowed slightly from last week and stands at 5.97 cents/liter (22.63 cents/gallon).

BTX component prices were mixed to end last week and continue mixed through Tuesday’s trading: Benzene is up 3.1 percent; Toluene is down 1.3 percent and Xylene is up 3.1 percent. The estimated weighted average aromatic price is currently 64.86 cents/liter (245.54 cents/gallon), up 1.9 percent from last Friday’s close. The BTX-Houston ethanol spread widened from last week; the weighted average BTX price is now 23.27 cents/liter (88.12 cents/gallon) higher than the FOB Houston ethanol price.

Gasoline and petroleum products were mostly down to end last week and continue mostly down in early-week trading. Regarding RBOB futures, 84 (Houston) and 87 (U.S. Gulf) octane gasoline prices are down 0.4 percent and 0.9 percent, respectively. WTI futures are down 2.2 percent to $52.82/barrel while Brent futures are down 1.6 percent to $62.29/barrel, from Friday’s close through Tuesday’s trading.

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