Ethanol Market and Pricing Data – October 9, 2018

Ethanol, Fuels and Co-Product Pricing

Market Outlook: U.S. ethanol prices were up to end last week but have dropped through Tuesday’s trading with nearby CBOT ethanol futures down 0.7 percent from Friday’s close. Midwest wholesale rack ethanol prices were up fractionally to end last week; they continue slightly up this week with prices at 37.22 cents/liter (140.88 cents/gallon) through Tuesday’s trading (+0.3 percent from Friday’s close).

FOB Houston ethanol prices finished last week up 1.8 percent, and prices continue up through Tuesday’s trading (+1.2 percent from Friday’s close). FOB Houston ethanol prices are quoted at 37.148 cents/liter (140.619 cents/gallon). FOB Santos, Brazil ethanol prices ended last week up 2.9 percent; prices are up a significant 5.6 percent from Friday’s close at 54.468 cents/liter (206.185 cents/gallon) through Tuesday’s trading.

The FOB Gulf-Santos, Brazil spread widened substantially from last week’s close through Tuesday’s trading and is currently at -17.321 cents/liter (-65.566 cents/gallon).

MTBE prices were up 3.2 percent to end last week and are up 1.1 percent through early week trading from Friday’s close. MTBE’s premium to FOB Houston ethanol stood at 29.130 cents/liter ($110.27 cents/gallons), widening further from last week’s figure.

BTX component prices were mixed to end last week and are down fractionally through Tuesday’s trading, with Benzene prices down 0.1 percent and Toluene and Xylene prices down 0.1 percent and 0.4 percent, respectively. The estimated weighted average aromatic price is currently 78.98 cents/liter (298.96 cents/gallon), down slightly from Friday’s close. The BTX-Houston ethanol spread narrowed, with the weighted average BTX price now 41.828 cents/liter (158.34 cents/gallon) higher than FOB Houston ethanol prices.

Gasoline and petroleum products are mixed in early week trading, with gasoline prices down and WTI and Brent crude oil futures both up slightly from Friday’s close through Tuesday’s trading.

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