14 January 2014 18:00 [Source: ICIS news]
HOUSTON (ICIS)--Hydrous ethanol prices in Sao Paulo, Brazil, were nearly flat compared with the preceding week, as higher demand following the holidays was met by increased supply from distributors, leading to price stability, research group CEPEA said on Tuesday.
CEPEA assessed average hydrous ethanol prices for the week ended 10 January at Brazilian reais R1.2844/litre ($2.07/gal, €0.40/litre), which was just 0.7% higher than in the previous week.
Anhydrous ethanol prices were assessed by CEPEA at R1.4582/litre, up by 1.1% from a week earlier.
When compared year on year, hydrous prices are 6.4% higher in real terms while anhydrous prices have gained 3.8% from a year earlier, CEPEA added without comment on the annual change.
Ethanol prices rose near the end of last year following an increase in government-controlled prices for gasoline.
Prices do not include taxes or freight, the group said.
Anhydrous ethanol, which does not contain water, makes up 25% of the gasoline blend sold in Brazil, as mandated by law.
Hydrous ethanol is used as a stand-alone fuel in Brazil's flexible-fuel vehicles (FFVs), competing directly with gasoline.
($1 = €0.73)
($1 = R2.35)
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