Brazil anhydrous ethanol prices up on weak buyer interest - CEPEA

19 October 2010 15:28  [Source: ICIS news]

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)

For more on ethanol visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: William Lemos
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly