07 December 2010 14:46 [Source: ICIS news]
CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.0541/litre ($2.37/gal), up by 1.3% from R1.0404/litre a week earlier.
Anhydrous ethanol was assessed at R1.1931/litre, virtually unchanged from R1.1933/litre in the previous week.
Brazil blends anhydrous ethanol in gasoline at a mandated 25%, while hydrous ethanol is used as a stand-alone fuel in flexible-fuel vehicles (FFVs), competing directly against gasoline.
Brazilian ethanol prices were likely to remain on an uptrend in December because of increased travel during the holidays, market sources said.
Ethanol supply in Brazil is also expected to be limited as a result of the end of the sugarcane harvest in the key centre-south region.
The centre-south accounts for 90% of Brazil’s ethanol output. The harvest in the area usually runs from April to November.
CEPEA prices are ex-tank and do not include taxes.
($1 = R1.68)
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