Brazil ethanol prices steady after slow week

07 October 2008 22:03  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian ethanol prices were largely steady amid slow trading during the week ended 3 October, research group Cepea said on Tuesday.

 

Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.9270/litre ($1.59/gal), up 0.3% from R0.9239/litre a week earlier.

 

Hydrous ethanol was assessed at R0.7654/litre, down from R0.7655/litre in the previous week.

 

Brazil uses hydrous ethanol as a stand-alone fuel, while anhydrous is blended in gasoline at 25%.

 

Cepea’s price assessments are ex-tank and do not include taxes.

 

($1 = R2.20)

 

For more on ethanol visit ICIS chemical intelligence

 

Bookmark Simon Robinson’s Big Biofuels Blog for some independent thinking on biofuels

 

 

 

By: William Lemos
+1 713 525 2653

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