08 February 2011 18:20 [Source: ICIS news]
CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.1127/litre ($2.51/gal, €0.49/litre), up by 0.1% from R1.1118/litre in the week ended 28 January.
Anhydrous ethanol was assessed at R1.2414/litre, up by 0.6% from R1.2342/litre in the previous week.
Brazil blends anhydrous in gasoline at a mandated 25%, while hydrous ethanol is used as a stand-alone fuel in flexible-fuel vehicles (FFVs), competing against gasoline.
CEPEA prices are ex-tank and do not include taxes.
Market sources expect ethanol supply in Brazil to remain tight until the next centre-south sugarcane harvest, which begins in April.
The centre-south accounts for 90% of Brazil’s ethanol output. The sugarcane harvest in the area runs from April to November/December.
($1 = R1.68)
($1 = €0.74)
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