Brazil ethanol spot prices drop on supply build

21 July 2009 21:00  [Source: ICIS news]

HOUSTON (ICIS news)--Brazil’s ethanol prices fell in the week ended 17 July after a supply build snapped a five-week uptrend in the local spot market, Brazilian research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 0.7166/litre ($1.42/gal) last week, down by 1.6% from R0.7283/litre in the week ended 10 July.

Anhydrous ethanol was assessed at R0.8110/litre, down by 1.5% from R0.8237/litre a week earlier.

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 = R1.91)

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

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