Brazil ethanol prices mixed on slow trading

14 October 2008 14:50  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian ethanol prices were mixed in the week ended 10 October amid continued slow trading in the spot market, research group Cepea said on Tuesday.

Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.9328/litre ($1.53/gal), up 0.6% from R0.9270/litre a week earlier.

Conversely, hydrous ethanol was assessed at R0.7633/litre, down 0.3% from R0.7654/litre the previous week.

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 taxes.

($1 = R2.30)

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By: William Lemos
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