19 October 2010 15:28 [Source: ICIS news]
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)For more on ethanol visit ICIS chemical intelligence
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