Brazil ethanol reverses upward trend on supply

02 December 2008 16:42  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian ethanol prices moved down 2.1-3.5% in the week ended 28 November, reversing a two-week upward trend due to increased supply, research group Cepea said on Tuesday.

Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.8972/litre ($1.45/gal), down 2.1% from R0.9170/litre a week earlier.

Hydrous ethanol was assessed at R0.7387/litre, down 3.5% from R0.7654/litre in the previous week.

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

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

($1 = R2.34)

For more on ethanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: William Lemos
+1 713 525 2653

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