Brazil ethanol spot prices remain on downtrend

28 July 2009 16:23  [Source: ICIS news]

HOUSTON (ICIS news)--Brazilian ethanol prices continued to fall in the week ended 24 July amid sustained supply pressure, Brazilian research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 0.6882/litre ($1.39/gal) last week, down by 4.0% from R0.7166/litre in the week ended 17 July.

Anhydrous ethanol was assessed at R0.7941/litre, down by 2.1% from R0.8110/litre a week earlier.

Despite the drop, CEPEA said market trends started to shift higher towards the end of last week, particularly for hydrous ethanol, as several producers exited the spot market.

One market participant said ethanol supply began to tighten after midweek due to inclement weather in the key centre-south region.

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

($1 = R1.88)

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