07 September 2010 16:17 [Source: ICIS news]
CEPEA assessed anhydrous ethanol at Brazilian reais (R) 0.9971/litre ($2.18/gal), up by 3.0% from R0.9679/litre in the week ended 27 August.
Hydrous ethanol was assessed at R0.8358/litre, largely steady with R0.8316/litre in the previous week, the research group said.
According to sources, anhydrous ethanol supply is tight because producers in Brazil have increased sugar production this year due to high prices on that side of the market.
By increasing sugar production, sugarcane mills have curtailed the output of anhydrous ethanol, which competes directly with sugar.
Brazil blends anhydrous ethanol in gasoline at a mandated 25%, while hydrous ethanol is used as a stand-alone fuel.
CEPEA prices are ex-tank and do not include taxes.
($1 = R1.73)
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|