The approximated production margin for a typical United States Midwest dry-mill ethanol plant for the week finished Friday reduced 39.49 cents, or 19.5%, to a three-week low of $1.6313/ gal, a testimonial of US Department of Agriculture and also Platts information revealed.
As once a week stocks data as well as talks of hefty US-bound imports had a starkly bearish result on ethanol costs as well as corn rates firmed, the margin pulled away for a second straight week from an eight-year high hit in the last week of March.
The estimated ethanol price utilized in determining the margin was the weekly average of the Platts Chicago Argo ethanol analysis, which tumbled 40.02 cents, or 13.83%, to a four-week low of $2.8932/ gal.
US ethanol supplies for the week finished April 4 moved up 532,000 barrels to a five-week high of 16.407 million barrels, Energy Info Management data showed Wednesday.
The weekly average estimated dried distillers grain result climbed $5.55/ st to $247.52/ st, recovering from last week, when it decreased for the first time in almost three months.
The regular ordinary projected delivered feedstock corn expense ticked up 3.41 cents, or 0.72%, to $4.7976/ bushel, climbing for a fourth straight week. water treatment chemicals approximated denaturant cost increased 2.2 cents to $2.2872/ girl, while the estimated month-to-month gas cost was steady at $5.33/ MMBtu.
The denaturant expense was based on the regular average of the Platts all-natural fuel analysis at the Conway, Kansas, hub, while the gas expense was based upon the April Platts Chicago ANR 7 pipe monthly index.
The approximated manufacturing margin for a common dry-mill ethanol plant was calculated by weighing information from Platts as well as federal government agencies, consisting of average provided corn price, dried distiller grain prices, natural gas rates, particular mixing prices and also ethanol costs.
Fixed-cost calculations were based upon a 50 million gal/year-capacity Midwestern plant with 32 workers operating at a typical salary of $47,300/ year.
|
Author : Sheridan Kaufman |
Views : 114 |
|
|
|
|
This Blog Has Been PowerShared™ Successfully! |
|
|
Check out Baun Kofoed's Profile, and Blogs! |
|