15 January 2013 15:37 [Source: ICIS news]
HOUSTON (ICIS)--Brazil ethanol prices were steady in the second week of January, research group CEPEA said on Tuesday, citing improved liquidity but adding that increased buyer interest was met by adequate supply.
CEPEA assessed hydrous ethanol prices at Brazilian reais (R) 1.1443/litre ($2.13/gal, €0.42/litre) last week, virtually unchanged from R1.1475/litre from the week that ended on 4 January.
Anhydrous ethanol was assessed at R1.3312/litre, flat with R1.3334/litre in the previous week, the research group said.
Brazil blends anhydrous ethanol in gasoline at a mandated 20%, while hydrous ethanol is used as a stand-alone fuel in flexible-fuel vehicles (FFVs).
CEPEA prices are ex-tank and do not include taxes.
($1 = R2.03, $1 = €0.75)
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