Ethanol Rail Movements Update – Sep ’16
Jun ’16 ethanol rail movements of 19.1 million barrels increased 4.2% from May ’16 figures on a daily average basis, as movements continue to rebound from the 18 month low experienced during Apr ’16.
Ethanol rail movements finished 5.4% lower on a year-over-year (YOY) basis throughout Jun ’16 however 2016 YTD rail movements remain up 2.2% YOY throughout the first half of 2016.
Ethanol rail movements have ranged from 53% – 71% of monthly ethanol production since the beginning of 2014. Jun ’16 ethanol rail movements accounted for 63.0% of monthly production, which was only consistent with the historical average of 62.6%.
Ethanol rail movement figures are broken out by Petroleum Administration for Defense District (PADD) for both originating rail movements and destinations of shipments. The U.S. is regionally divided into five PADDs, which include the East Coast, Midwest, Gulf Coast, Rocky Mountain and West Coast.
Nearly 98% of rail movements originated in PADD 2 (Midwest) during Jun ’16, with the remaining volumes originating in PADD 3 (Gulf Coast). Nearly 8.3 million barrels of ethanol rail movements were destined to PADD 1 (East Coast) during Jun ’16, leading all regional districts.
Ethanol rail movements destined to PADD 1 (East Coast) accounted for over two fifths of the total shipments during Jun ’16. Combined shipments to PADD 1 (East Coast), PADD 5 (West Coast) and PADD 3 (Gulf Coast) consisted of nearly 90% of total ethanol rail movements, with minimal amounts being shipped to PADD 2 (Midwest), PADD 4 (Rocky Mountain) and Canada.
Ethanol rail movements destined to PADD 1 (East Coast) have accounted for between 39% – 56% of the total monthly shipments historically. Shipments to PADD 5 (West Coast) and PADD 2 (Midwest) finished most significantly above historical average levels during Jun ’16.
Ethanol rail movements finished 5.4% lower on a year-over-year (YOY) basis throughout Jun ’16 however 2016 YTD rail movements remain up 2.2% YOY throughout the first half of 2016.
Ethanol rail movements have ranged from 53% – 71% of monthly ethanol production since the beginning of 2014. Jun ’16 ethanol rail movements accounted for 63.0% of monthly production, which was only consistent with the historical average of 62.6%.
Ethanol rail movement figures are broken out by Petroleum Administration for Defense District (PADD) for both originating rail movements and destinations of shipments. The U.S. is regionally divided into five PADDs, which include the East Coast, Midwest, Gulf Coast, Rocky Mountain and West Coast.
Nearly 98% of rail movements originated in PADD 2 (Midwest) during Jun ’16, with the remaining volumes originating in PADD 3 (Gulf Coast). Nearly 8.3 million barrels of ethanol rail movements were destined to PADD 1 (East Coast) during Jun ’16, leading all regional districts.
Ethanol rail movements destined to PADD 1 (East Coast) accounted for over two fifths of the total shipments during Jun ’16. Combined shipments to PADD 1 (East Coast), PADD 5 (West Coast) and PADD 3 (Gulf Coast) consisted of nearly 90% of total ethanol rail movements, with minimal amounts being shipped to PADD 2 (Midwest), PADD 4 (Rocky Mountain) and Canada.
Ethanol rail movements destined to PADD 1 (East Coast) have accounted for between 39% – 56% of the total monthly shipments historically. Shipments to PADD 5 (West Coast) and PADD 2 (Midwest) finished most significantly above historical average levels during Jun ’16.