Brazil ethanol prices flat on weaker demand, limited supply

18 October 2011 22:53  [Source: ICIS news]

HOUSTON (ICIS)--Brazil ethanol prices were mostly flat during the second week of October as weaker demand was offset by limited spot supply, research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol last week at Brazilian reais (R) 1.2174/litre ($2.60/gal), steady with R1.2168/litre in the week ended 7 October.

Anhydrous ethanol prices were assessed at R1.3841/litre last week, slightly up from R1.3710/litre a week earlier, the research group said.

Brazil uses hydrous ethanol as a stand-alone fuel in flexible-fuel vehicles (FFV), competing directly with gasoline, while anhydrous ethanol is blended in gasoline at a mandated 20%.

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

($1 = R1.77)

For more on ethanol visit ICIS chemical intelligence


By: William Lemos
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