12 May 2006 16:01 [Source: ICIS news]
A modest 5 cents/gal increase was achieved in 200 proof ethanol, with May business confirmed doable in a $3.10-3.30 range, according to assessments by global chemical market intelligence service ICIS pricing.
Less was implemented in the 190 proof tier, which includes beverage, as ICIS pricing assessed a 2 cents/gal gain in a $2.87-3.07 spread.
Price increases up to 20 cents/gal were sought by some suppliers in April, but a scattered following deteriorated the upward push. Increases of 10 cents/gal, 15 cents/gal were issued by various fermentation (corn-based) producers on 190 and 200 proof alcohols. Synthetic suppliers sought up to 20 cts/gal on 200 proof industrial material.
Archer Daniels Midland (ADM), the largest
Fermentation producers include ADM, MGP Ingredients, and GPC Grains. Synthetic producers are Lyondell and Sasol.
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