Ethanol Market and Pricing Data - January 16, 2018

1. Ethanol, Fuels and Co-Product Pricing

Gallons
Liters

Market Outlook: February CBOT ethanol futures finished Friday’s trading up 4.4 percent from Monday’s close while wholesale rack prices in the U.S. managed a mere 0.5 percent gain. Higher ethanol prices are bringing relief to ethanol margins, which increased 2.5 cents from last week and are 9 cents above this time last year. 

Last week, FOB Houston ethanol prices closed 0.286 cents/liter higher at 37.025 cents/liter (up 1.08 cents/gallon to 140.156). Prices are likely to continue increasing this week as the recent production drop-off tightens the market. FOB Santos ethanol increased 3.4 percent last week (up 2 cents/liter to 60.266 cents/gallon or 7.58 cents/gallon to 228.13 cents/gallon). 

The FOB Houston-Santos spread again moved in favor of U.S.-origin product this week, falling 1.17 cents/liter (6.5 cents/gallon) to its last quote of -23.240 cents/liter (-87.94 cents/gallon). Friday’s close marked the lowest weekly close in the past six months, though it was slightly higher than mid-week values.  

MTBE prices finished last week 3.9 percent higher at 23.240 cents/liter (87.974 cents/gallon). FOB U.S. Gulf MTBE is now 17.778 cents/liter (67.27 cents/gallon) higher than FOB Houston ethanol. 

BTX component prices ended last week’s trading mixed with lower benzene prices (1.5 percent), toluene prices 1.3 percent lower, and xylene prices up 4.5 percent. The weighted average aromatic price is currently estimated at 65.56 cents/liter ($2.4818/gallon), up 1.8 percent from last week. The weighted average BTX price is 28.5362 cents/liter (108.02 cents/gallon) higher than FOB Houston ethanol prices. 

Gasoline and petroleum products finished last week on a high noted but are down in early-week trading so far. RBOB futures rose 3.7 percent last week while 84 octane RBOB FOB U.S. Gulf and 87 RBOB rose 4.3 percent and 4.9 percent, respectively. WTI crude oil futures finished the week 5 percent higher as of Friday’s close while Brent futures rose 3.5 percent. 

Note on price discovery methodology: Price indications for given commodities/locations presented in this report are generated via analysis of multiple industry sources. Please note that the prices reported here are indications, provided by the U.S. Grains Council as a convenience for customers, members and others in the ethanol industry and are not legally binding, including for used related to buying, selling, or trading ethanol.

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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.