Brazil ethanol prices up after slow week - Cepea

06 January 2009 15:27  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian ethanol prices were slightly up in the week ended 2 January amid thin trading due to the year-end holidays, research group Cepea said on Tuesday.

Cepea assessed anhydrous ethanol at Brazilian reais (R) 0.8786/litre ($0.39/gal), up by 1.2% from R0.8684/litre a week earlier.

Hydrous ethanol was assessed at R0.7533/litre, up by 1.9% from R0.7392/litre in the previous week.

Brazil uses hydrous ethanol as a stand-alone fuel and blends anhydrous in gasoline at 25%.

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

($1 = R2.23)

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By: William Lemos
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