12 January 2010 16:11 [Source: ICIS news]
CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.1673/litre ($2.54/gal) last week, up by 5.9% from R1.1019/litre in the week ended 1 January.
Anhydrous ethanol was assessed at R1.2591/litre, a 4.1% jump from R1.2097/litre a week earlier.
The uptrend in the Brazilian ethanol market stems from tight supply due to weather-related disruptions in the last six months.
The Brazilian government on Monday announced it would temporarily lower the country’s mandated ethanol blend in gasoline to 20% from 25% in an attempt to ease pressure on the market.
The reduction is to become effective on 1 February.
CEPEA’s price assessments are ex-tank and do not include taxes.
($1 = R1.74)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections