Brazil anhydrous ethanol prices up on weak buyer interest - CEPEA

HOUSTON (ICIS)--Brazil’s anhydrous ethanol spot prices continued to rise during the week ended 15 October on weak buyer interest, research group CEPEA said on Tuesday.

CEPEA assessed anhydrous ethanol at Brazilian reais (R) 1.1836/litre ($2.70/gal), up by 1.1% from R1.1708/litre in the week ended 8 October.

Hydrous ethanol was assessed at R0.9784/litre, steady with R0.9780/litre in the previous week, the research group said.

Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFVs), while anhydrous ethanol is blended in gasoline at a mandated 25%.

CEPEA prices are ex-tank and do not include taxes.

($1 = R1.66)