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US: ethanol price assessments


Platts Ethanol Chicago Pipe


US biofuels RINs prices were mixed March 17 as selling interest in some markets grew at steadily lower levels throughout the day, sources said.


Biofuels RINs trade activity was centered around ethanol RINs for 2014, which traded at mostly lower levels, while biodiesel RINs bids strengthened throughout the day.


For 2014, ethanol RINs were assessed 1.75 cents lower at $0.4450/RIN, advanced biofuel RINs were 1 cent lower at $0.58/RIN, and biodiesel RINs added 0.25 cent to $0.64/RIN.


In physicals, US ethanol assessments were also mixed as rail tightness put pressure on delivered markets, while prices in other regions followed corn and paper futures slightly lower, sources said.


Analysis continues below...


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Chicago Argo ethanol was assessed 0.95 cent lower to $2.5405/gal, the first decline in a week.


May corn futures on the Chicago Board of Trade settled 7 cents lower at $4.79/bushel as the March contract rolled over.


The biggest gain was made in the Chicago Rule 11 assessment, which added 15 cents for this-week-shipment to $3.15/gal.


The California railcar assessment gained 12 cents to $3.48/gal for prompt delivery, as NorCal was heard traded at that level and supplies were said to be growing increasingly tighter.


Meanwhile, front-month New York Harbor ethanol shed 6 cents to $3.45/gal, cooling from two-year highs hit late the week ended March 14 as bids and offers had, "practically dried up," one source said.


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