07 August 2012 18:45 [Source: ICIS news]
HOUSTON (ICIS)--Brazil's ethanol prices were slightly down in the first week of August on limited demand for spot material, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol prices at Brazilian reais (R) 1.2617/litre ($2.35/gal, €0.50/litre) in the week that ended on 3 August, down by 0.6% from R1.2697/litre a week earlier.
Hydrous ethanol was assessed at R1.0521/litre, down by 0.7% from R1.0592/litre a week earlier, the research group said.
Brazil uses hydrous ethanol as a standalone fuel in flexible-fuel vehicles (FFVs), while anhydrous ethanol is blended in gasoline at a mandated 20%.
CEPEA prices are ex-tank and do not include taxes.
($1 = R2.03)
($1 = €0.81)
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