Brazil ethanol demand firm, outweighs supply gain

14 December 2010 20:04  [Source: ICIS news]

HOUSTON (ICIS)--Brazilian ethanol prices posted new gains during the week ended 10 December, as strong demand outweighed a small increase in spot supply, research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.0672/litre ($2.39/gal, €0.47/litre), up by 1.2% from R1.0541/litre a week earlier.

Anhydrous ethanol was assessed at R1.1991/litre, up by 0.5% from R1.1931/litre in the previous week.

Brazil blends anhydrous in gasoline at a mandated 25%, while hydrous ethanol is used as a stand-alone in flexible-fuel vehicles (FFVs), competing directly against gasoline.

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

($1 = R1.69)
($1 = €0.75)

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By: William Lemos
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