American Carbon Alliance
U.S. ethanol production edged higher for the week ending April 10, according to data from the Energy Information Administration analyzed by the Renewable Fuels Association. Output rose 0.4 percent to a five-week high of 1.12 million barrels per day, or 47.04 million gallons daily. Production was up 10.7 percent from a year ago and exceeded the three-year average by more than 11 percent.
Ethanol inventories also increased, climbing 2.5 percent to 26.7 million barrels. Stock levels remain slightly below last year but above the three-year average, with gains concentrated along the East and Gulf Coasts.
Demand showed strength as gasoline supplied to the U.S. market jumped 6.1 percent to 9.09 million barrels per day, a five-week-high. However, ethanol blending slowed, with net inputs falling 2.2 percent to a six-week low.
Meanwhile, ethanol exports dropped sharply by 60 percent, marking a notable pullback in international shipments.
NAFB news service
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