Ethanol Market and Pricing Data - January 2, 2018

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: U.S. ethanol and energy prices are generally firmer to start the new year. January CBOT ethanol futures are 1.14 percent higher on concerns of falling production. The cold weather over much of the U.S. is driving up natural gas prices and eroding ethanol production margins, causing some plants to decrease production. The national rack price for ethanol, however, is unchanged from last week as driving demand remains low due to the cold weather. 

FOB Houston ethanol prices finished 2017 up 3.4 percent (1.205 cents/liter or 4.56 cents/gallon) to end at 36.401 cents/liter (137.794 cents/gallon). Trading early Tuesday featured essentially steady prices as the market restarts price discovery following the holidays. Brazilian ethanol prices (FOB Santos) finished last week steady at 57.785 cents/liter (218.74 cents/gallon) in low-volume trade. The Houston-Santos, Brazil spread ended 2017 at -21.384 cents/liter (-80.946 cents/gallon), nearly 1.3 cents/liter (5 cents/gallon) narrower than the week before. Last week marked the first time in seven weeks that the spread narrowed. Lower U.S. ethanol prices had been pushing the spread to favor America-origin product more heavily. 

MTBE prices bounced 3.3 percent higher last week, rising to 52.61 cents/liter (199.14 cents/gallon), but are lower (0.76 percent) to start this week. FOB Houston MTBE is 16.209 cents/liter (61.34 cents/gallon) above FOB Houston ethanol in early week trading. 

BTX component prices finished last week mostly lower as benzene lost 7.8 percent while toluene prices fell 1.1 percent and Xylene prices gained 1.9 percent. The weighted average aromatic price is currently estimated at 64.51 cents/liter ($2.4421/gallon), down 0.6 percent from last week. The weighted average BTX price is 28.114 cents/liter (106.41 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and petroleum products are lower in early-week trading. RBOB futures rose 1.6 percent last week while cash RBOB and CBOB (FOB Houston) followed suite but with lower gains (1.4 percent and 1.2 percent, respectively). WTI and Brent crude oil futures both rose $2/barrel week-over-week to end 2017 on a positive note. Both contracts are steady/lower in Tuesday’s trading, however. 

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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.