Brazil hydrous ethanol prices trend up on demand

19 August 2008 19:59  [Source: ICIS news]

HOUSTON (ICIS news)--Brazil’s hydrous ethanol prices were up in the week ended 15 August amid a jump in demand for the stand-alone fuel, research group Cepea said on Tuesday.

Cepea assessed hydrous ethanol at Brazilian reais (R) 0.7111/litre ($1.64/gal), up by 2.45% from R0.6941/litre in the previous week.

Cepea said anhydrous ethanol prices were down again last week, as supply continued to exceed demand.

Anhydrous ethanol was assessed at R0.8494/litre, down by 1.06% from R0.8585/litre a week earlier.

Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFVs), while anhydrous is blended in regular gasoline at 25%.

Cepea’s price assessments are ex-tank and do not include a federal tax of 3.65% levied on both hydrous and anhydrous product. A state tax of 12% is also applied to hydrous ethanol in Sao Paulo.

($1 = R1.64)

For more on ethanol visit ICIS chemical intelligence
Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels
To discuss issues facing the chemical industry go to ICIS connect

By: William Lemos
+1 713 525 2653

< previous article(ICIS Podcast: Chemical News Central 2 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly