Ethanol Market and Pricing Data - December 5, 2017

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: U.S. ethanol prices are lower this week following declines in the broader oil/petroleum market and slow cash market trading. Nearby CBOT ethanol futures are unchanged this week while Midwest rack prices are 0.97 cents/liter lower at 39.55 cents/liter (149.71 cents/gallon). Rack prices have drifted lower in early week trading on quiet buying interest. 

FOB Houston ethanol prices are 1.7 percent lower this week, falling 0.659 cents/liter to 37.77 cents/liter (142.96 cents/gallon). FOB Santos, Brazil ethanol prices are steady so far this week at 58.03 cents/liter (219.70 cents/gallon). Despite strong hydrous ethanol sales in November, buyers are reluctant to chase the market higher in the short term, especially with U.S. Gulf product becoming more competitive. 

The FOB Santos-FOB Houston spread widened 3.3 percent (0.66 cents/liter or 2.4 cents/gallon) this week to its last quote of -20.27 cents/liter (76.73 cents/gallon). The spread forged another six-month low this week and is now 6.6 cents/liter (25 cents/gallon) wider than its 5-year average. 

MTBE prices corrected from last week’s move higher, falling 1.8 percent to 51.15 cents/liter (193.64 cents/gallon). FOB Houston MTBE is priced 13.38 cents/liter (50.68 cents/gallon) above FOB Houston ethanol. 

BTX component prices also came under selling pressure this week as buyers are yet unwilling to push last week’s rising prices even higher. Benzene prices fell 4.7 percent week-over-week on falling demand for prompt shipments. Toluene fell 0.8 percent while Xylene prices are down 2.5 percent. The weighted average aromatic price is currently estimated at 65.1 cents/liter ($2.46/gallon), down 2.4 percent from last week. The weighted average BTX price is 27.33 cents/liter (1.03 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and crude oil futures are all lower in early-week trading. RBOB futures fell 2.4 percent on weakness in the cash market, where 83.7 RBOB FOB Houston fell 0.81 cents/liter (3.07 cents/gallon) and 87 octane CBOB FOB Houston lost 0.68 cents/liter (2.57 cents/gallon). WTI and Brent crude oil futures are both down roughly $1/barrel to start the week.

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Price Database: If you are interested in historical price data, please click here.

2. Tariff Rates

HS Codes
Global Tariff Rates

Tariff Rate Database: If you are interested in tariff rate data for all U.S. export markets, please click here.

3. Additional Market Resources

If you are interested in any of the reports described here, please click here.

USDA GAIN Reports

Title

Description

Link

Argentina Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Argentina.

Read here.

Brazil Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Brazil.

Read here.

Canada Biofuels Annual 2016 (GAIN)

This report provides an overview on biofuel use in Canada.

Read here.

China Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in China.

Read here.

Colombia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Colombia.

Read here.

EU-28 Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in the EU-28.

Read here.

EU-28: Biofuel Mandates in the EU by Member State (GAIN)

This report provides an overview on the biofuel use mandates in the various EU member states. It supplements the EU-28 Biofuels Annual Report.

Read here.

India Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in India.

Read here.

Indonesia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Indonesia.

Read here.

Korea Bioethanol Workshop 2017

The report includes an overview of the 2017 Bioethanol Workshop and Roundtable in Seoul, Korea.

Read here.

Malaysia Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Malaysia.

Read here.

Peru Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Peru.

Read here.

Philippines Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in the Philippines.

Read here.

Romania Biofuels Market Overview 2017 (GAIN)

This report provides an overview on biofuel use in Romania.

Read here.

Spain's Biodiesel and Renewable Diesel Overview 2017 (GAIN)

This report provides an overview on biofuel use in Spain.

Read here.

Thailand Biofuels Annual 2017 (GAIN)

This report provides an overview on biofuel use in Thailand.

Read here.