18 April 2013 10:39 [Source: ICIS news]
LONDON (ICIS)--European T2 fuel ethanol prices have decreased on healthy supply amid lacklustre demand, sources said late on Wednesday.
European T2 fuel ethanol values were assessed on 17 April at €625-630/cbm ($812-818/cbm) FOB (free on board) Rotterdam, down €15-20/cbm from last week.
Despite reduced or temporarily paused production at some plants in Europe, supply is healthy, with some market participants having stockpiled material.
Small volumes of imports from South and Central America are also boosting market supply and subduing fuel ethanol values.
Demand remains lacklustre, according to sources, although it has improved compared with the first quarter and is expected to increase during the summer driving season.
“We should hopefully see a little bit more demand as the driving season approaches,” one source said.
($1 = €0.77)
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