Brazil ethanol demand rises but prices stay flat - group

25 January 2011 16:35  [Source: ICIS news]

HOUSTON (ICIS)--Brazilian ethanol demand increased in the week ended 21 January, but spot prices were mostly flat, research group CEPEA said on Tuesday, indicating the market remained balanced.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.1075/litre ($2.51/gal, €0.49/litre), up by 0.3% from R1.1044/litre in the week ended 14 January.

Anhydrous ethanol was assessed at R1.2278/litre, down by 0.4% from R1.2326/litre in the previous week.

Brazil blends anhydrous ethanol 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 = €0.73)
($1 = R1.67)

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By: William Lemos
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