Ethanol Market and Pricing Data - December 12, 2017

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: U.S. ethanol prices are lower this week as increased production, slower blending rates and rising ethanol stocks pressure the markets. Nearby CBOT ethanol futures fell to a new lifetime low on Tuesday as the USDA made upward revisions to its corn used in ethanol production forecast. Nearby futures are down 0.34 cents/liter (1.34 cents/gallon) today and fell 4.1 percent (1.45 cents/liter or 5.5 cents/gallon) from last week. Midwest rack prices are similarly lower, falling 2.1 percent to 38.73 cents/liter (146.6 cents/gallon) as cash market trading remains quiet amid growing bearish sentiment. 

FOB Houston ethanol prices are 1.8 percent lower this week, falling 0.67 cents/liter to 37.04 cents/liter (140.225 cents/gallon). FOB Santos, Brazil ethanol prices are steady so far this week at 58.328 cents/liter (220.795 cents/gallon). The FOB Santos-FOB Houston spread widened 4.5 percent (0.921 cents/liter or 3.45 cents/gallon) this week to its last quote of 21.284 cents/liter (80.57 cents/gallon). The spread forged its second six-month low in as many weeks and U.S. ethanol continues to gain competitiveness on the world market. 

MTBE prices corrected from last week’s move higher, falling 2.5 percent to 50.24 cents/liter (190.16 cents/gallon). FOB Houston MTBE is priced 13.19 cents/liter (49.94 cents/gallon) above FOB Houston ethanol. 

BTX component prices are mixed this week with the weighted average value of BTX falling. Benzene prices fell only 0.4 percent week-over-week while toluene prices rose 3 percent and Xylene prices lost 4.2 percent. The weighted average aromatic price is currently estimated at 64.61 cents/liter ($2.4457/gallon), down 1.5 percent from last week. The weighted average BTX price is 27.56 cents/liter (1.043 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and petroleum products are mixed in early-week trading. RBOB futures fell 1.1 percent on weakness in the broader energy markets, while RBOB FOB Houston rose 0.4 cents/liter (1.5 cents/gallon) and 87 octane CBOB FOB Houston increased 0.4 cents/liter (1.5 cents/gallon). WTI and Brent crude oil futures are both essentially steady this week, with WTI down 0.2 percent and Brent up 0.3 percent. 

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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.