Brazil ethanol spot prices rise despite thin trade - CEPEA

04 January 2011 14:43  [Source: ICIS news]

HOUSTON (ICIS)--Brazilian ethanol prices continued to climb in the last week of 2010 despite thin trade in the spot market, research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.1082/litre ($2.54/gal), up by 1.6% from R1.0908/litre in the week ended 24 December.

Anhydrous ethanol was assessed at R1.2259/litre, rising by 0.7% from R1.2179/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 = R1.65)

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By: William Lemos
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