Brazil ethanol demand, tight supply push prices up - CEPEA

28 September 2010 15:02  [Source: ICIS news]

HOUSTON (ICIS)--Brazil’s ethanol spot prices posted new gains in the week ended 24 September on continued firm demand and tight supply, research group CEPEA said on Tuesday.

CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.0844/litre ($2.40/gal), up by 3.9% from R1.0435/litre in the week ended 17 September.

Hydrous ethanol was assessed at R0.9120/litre, up by 4.7% from R0.8709/litre in the previous week, the group said.

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 = R1.71)

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By: William Lemos
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