February 13th News — U.S. ethanol production reached a record high in early 2026, averaging 1.196 million barrels per day; inventories exceeded 24 million barrels, while exports increased by approximately 5% year-on-year. Chempricehub's analysis of ethanol indicates a bearish score of -1. The report highlights that record ethanol production in early 2026 (1.196 million barrels per day) and inventories surpassing 24 million barrels suggest a significant increase in supply, which may lead to oversupply in the spot market and subsequently lower prices. Although exports increased by about 5% year-on-year, providing some demand support, the growth is limited and insufficient to offset the pressure from oversupply. Overall, this exerts a generally bearish impact on ethanol spot prices.