27 August 2012 08:13 [Source: ICIS news]
SINGAPORE (ICIS)--Hydrous ethanol prices in northeast Asia are mixed on the back of bearish buying sentiment and growing stock at the ?xml:namespace>
Prices were assessed at $670-690/cbm (€536-552/cbm) CFR (cost & freight) northeast
Offers of cane-based hydrous ethanol from Brazil fell by $10/cbm CFR Ulsan to $690-700/cbm CFR Ulsan in line with weak biofuel demand from the US and news of increased cane output amid favourable weather conditions in Brazil’s centre-south region, which is the country’s highest cane-producing sector.
Cane is harvested in this region usually in April-December.
“Demand for advanced biofuel ethanol from the
“As a result, Brazil offered its available supply to northeast Asia at lower prices since producers there are able to convert anhydrous ethanol, which is used as a biofuel, to hydrous B-grade ethanol,” a southeast Asia-based trader said.
However, demand is weak as buyers in main importing country
Buying ideas were notional at $650-670/cbm CFR Ulsan, amid weak demand and ample availability.
“Although storage capacity in
According to market players, enquiries made during the week were centred on first quarter-delivery parcels for 2013, with some of the pending supply able to meet the demand for January cargo requirements.
($1 = €0.80)
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