24 July 2012 18:25 [Source: ICIS news]
HOUSTON (ICIS)--Brazil's anhydrous ethanol prices fell by 1.5% in the third week of July, pressured by an increase in spot supply, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol prices at Brazilian reais (R) 1.2789/litre ($2.37/gal, €0.51/litre) in the week that ended on 20 July, down from R1.2982/litre a week earlier.
Hydrous ethanol prices were steady at R1.0560/litre on thin trade, the research group said.
Brazil blends anhydrous ethanol in gasoline at a mandated 20%, while hydrous ethanol is used as a standalone fuel in flexible-fuel vehicles (FFVs), competing directly with gasoline.
CEPEA prices are ex-tank and do not include taxes.
($1 = R2.04)
($1 = €0.82)
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