Brazil ethanol prices drop amid ample supply

17 April 2012 20:01  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil ethanol prices declined during the last week, as ample supply was available from the previous crop season, research group CEPEA said on Tuesday.

CEPEA assessed hydrous ethanol at Brazilian reais (R) 1.2037/litre ($2.48/gal, €0.50/litre) during the week that ended on 13 April, down by 0.8% from the previous week.

Anhydrous ethanol prices were assessed at R1.2832/litre, lower by 0.6% during the week.

Hydrous ethanol is used in Brazil as a standalone fuel in flexible-fuel vehicles (FFVs), competing directly with gasoline, while anhydrous ethanol is blended in gasoline at a mandated 20%.

($1 = €0.76)
($1 = R1.84)

By: Leela Landress
+1 713 525 2653

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index