Ethanol Market and Pricing Data - U.S. GRAINS COUNCIL · 2019-12-05 · Ethanol Market and Pricing Data December 3, 2019 Reports available at https: ... This report provides an overview

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Ethanol Market and Pricing Data

December 3, 2019

Reports available at https://grains.org/ethanol_report/.

CONTENTS

Ethanol, Fuels and Co-Product Pricing ................................................................................................. 2

Tariff Rates ......................................................................................................................................... 11

Additional Market Resources .............................................................................................................. 12

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Ethanol, Fuels and Co-Product Pricing

Comparative Pricing for Fuels and Co-Products - $/Gallon

Product Current

price

Prior week

average

Previous year

% change (week over

week)

% change (year over

year)

Ethanol

Ethanol (FOB Gulf) $1.591 $1.653 $1.331 -3.8% 19.5%

Anhydrous Ethanol (FOB Santos, Brazil) $2.149 $2.122 $1.945 1.3% 10.5%

Hydrous Ethanol (FOB Santos, Brazil) $1.934 $1.882 $1.736 2.8% 11.4%

Anhydrous - Hydrous Spread $0.215 $0.240 $0.209 -10.4% 2.7%

Gulf discount/premium from Santos -$0.558 -$0.469 -$0.614 19.0% -9.2%

Ethanol (FOB PNW) $1.630 $1.637 $1.411 -0.4% 15.5%

Gasoline/chemical components/additives

MTBE (FOB Gulf) $2.323 $2.366 $1.960 -1.8% 18.5%

MTBE Premium/Discount to Ethanol (FOB Gulf)

$0.732 $0.713 $0.629 1.9% -1.0%

"Aromatic" Octane Enhancers (BTX)

Benzene (FOB U.S. Gulf) $2.330 $2.321 $2.044 0.4% 14.0%

Toluene NITN (FOB U.S. Gulf) $2.416 $2.446 $2.216 -1.2% 9.0%

Mixed Xylene (FOB U.S. Gulf) $2.406 $2.441 $2.496 -1.4% -3.6%

Weighted Average Aromatic Price (BTX) $2.400 $2.428 $2.359 -1.2% 1.7%

Gasoline (FOB Gulf) $1.606 $1.615 $1.468 -0.6% 9.4% Source: World Perspectives, Inc.

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Comparative Pricing for Fuels and Co-Products - $/Liter

Product Current

price

Prior week

average

Previous year

% change (week over

week)

% change (year over

year)

Ethanol

Ethanol (FOB Gulf) $0.420 $0.437 $0.352 -3.8% 19.5%

Anhydrous Ethanol (FOB Santos, Brazil) $0.568 $0.560 $0.514 1.3% 10.5%

Hydrous Ethanol (FOB Santos, Brazil) $0.511 $0.497 $0.459 2.8% 11.4%

Anhydrous - Hydrous Spread $0.057 $0.063 $0.055 -10.4% 2.7%

Gulf discount/premium from Santos -$0.147 -$0.124 -$0.162 19.0% -9.2%

Ethanol (FOB PNW) $0.431 $0.432 $0.373 -0.4% 15.5%

Gasoline/chemical components/additives

MTBE (FOB Gulf) $0.614 $0.625 $0.518 -1.8% 18.5%

MTBE Premium/Discount to Ethanol (FOB Gulf)

$0.193 $0.188 $0.166 1.9% -1.0%

"Aromatic" Octane Enhancers (BTX)

Benzene (FOB U.S. Gulf) $0.616 $0.613 $0.540 0.4% 14.0%

Toluene NITN (FOB U.S. Gulf) $0.638 $0.646 $0.586 -1.2% 9.0%

Mixed Xylene (FOB U.S. Gulf) $0.636 $0.645 $0.659 -1.4% -3.6%

Weighted Average Aromatic Price (BTX) $0.634 $0.641 $0.623 -1.2% 1.7%

Gasoline (FOB Gulf) $0.424 $0.427 $0.388 -0.6% 9.4% Source: World Perspectives, Inc.

Market Outlook: U.S. ethanol prices ended last week 2.4 percent lower and have extended those losses in early week trading, down 1.9 percent through Tuesday’s close. Midwest wholesale rack ethanol prices were higher to end last week but are down 1.8 percent through Tuesday’s market close to their last quote of 45.02 cents/liter (170.42 cents/gallon). FOB Houston ethanol prices finished last week 3.5 percent higher, but prices are down 3.8 percent through Tuesday’s trading from Friday’s close. FOB Houston ethanol prices are quoted at 42.02 cents/liter (159.06 cents/gallon). FOB Santos, Brazil ethanol prices were steady last week; they are up early this week, rising 1.3 percent to 56.76 cents/liter (214.85 cents/gallon) through Tuesday’s trading. The FOB Gulf-Santos, Brazil ethanol spread widened from last week’s close through Tuesday’s trading and is currently at -14.74 cents/liter (-55.79 cents/gallon). MTBE prices rose 2.8 percent last week but are lower in early week trading, down 1.2 percent from Friday’s close through Tuesday’s trading. MTBE’s premium to FOB Houston ethanol has increased from last week and stands at 19.70 cents/liter (74.58 cents/gallon). BTX component prices were mixed last week and have continued that trend through Tuesday’s market close: Benzene is up 0.4 percent while Toluene is down 0.8, and Xylene is down 1.0 percent. The estimated weighted average aromatic price is currently 63.64 cents/liter (240.92 cents/gallon), up from last Friday’s close. The BTX-Houston ethanol spread widened last week,

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and the weighted average BTX price is 21.62 cents/liter (81.85 cents/gallon) higher than the FOB Houston ethanol price. Gasoline and petroleum products were mostly lower last week and have continued that trend in early week trading. RBOB futures are down 1.8 percent to start the week while 84 octane RBOB (Houston) and 87 octane CBOB (U.S. Gulf) gasoline prices are down 7.6 and 6.1 percent, respectively. WTI futures are up 1.7 percent to $56.10/barrel while Brent futures are up 1.2 percent to $61.19/barrel, from Friday close through Tuesday’s close.

Source: World Perspectives, Inc.

Source: World Perspectives, Inc.

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Source: World Perspectives, Inc.

Source: World Perspectives, Inc.

Phone: (202) 789-0789 Fax: (202) 898-0522 Internet: www.grains.org E-mail: grains@grains.org

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Source: World Perspectives, Inc.

Source: World Perspectives, Inc.

Phone: (202) 789-0789 Fax: (202) 898-0522 Internet: www.grains.org E-mail: grains@grains.org

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Source: World Perspectives, Inc

Source: World Perspectives, Inc

Phone: (202) 789-0789 Fax: (202) 898-0522 Internet: www.grains.org E-mail: grains@grains.org

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Source: World Perspectives, Inc.

Source: World Perspectives, Inc.

Phone: (202) 789-0789 Fax: (202) 898-0522 Internet: www.grains.org E-mail: grains@grains.org

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Source: World Perspectives, Inc.

Source: World Perspectives, Inc.

Phone: (202) 789-0789 Fax: (202) 898-0522 Internet: www.grains.org E-mail: grains@grains.org

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Source: World Perspectives, Inc.

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

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Tariff Rates

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

HS Code Description

2207106010 Ethyl alcohol, undenatured , of an alcoholic strength by volume of 80 percent or higher, for fuel use.

2207200010 Ethyl alcohol and other spirits, denatured , of any strength, for fuel use.

HS Codes

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Additional Market Resources

USDA GAIN Reports

Title Description Link

Argentina Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Argentina. Read here.

Australia Biofuels Annual 2018 (GAIN) This report provides an overview on biofuel use in Australia. Read here.

Brazil Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Brazil. Read here.

Canada Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Canada. Read here.

China Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in China. Read here.

Colombia Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Colombia. Read here.

Ethanol Industry Emerging in Ecuador (GAIN)

This report highlights Ecuador’s emerging ethanol industry. Read here.

EU-28 Biofuels Annual 2019 (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 in 2019 (GAIN)

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

Read here.

India Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in India. Read here.

Indonesia Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Indonesia. Read here.

Japan Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Japan. Read here.

Malaysia Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Malaysia. Read here.

Peru Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Peru. Read here.

Philippines Biofuels Annual 2018 (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.

Thailand Biofuels Annual 2019 (GAIN) This report provides an overview on biofuel use in Thailand. Read here.