02 October 2012 16:08 [Source: ICIS news]
HOUSTON (ICIS)--Brazil's ethanol prices ended September on a downtrend, pressured by ample supply and weak demand, research group CEPEA said on Tuesday.
CEPEA assessed anhydrous ethanol prices at Brazilian reais (R) 1.1625/litre ($2.17/gal, €0.45/litre) in the week that ended on 28 September, down by 2.3% from R1.1900/litre a week earlier.
Hydrous ethanol was assessed at R1.0391/litre, down by 0.8% from R1.0478/litre in the previous week, 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 = €0.78)
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