HOUSTON (ICIS)--US Q2 industrial ethanol contract prices were assessed at a increase on Wednesday, amid booming demand and short supply.
ICIS assessed the Q2 200-proof industrial ethanol contract price at $4.20-4.80/gal FOB (free on board) US Gulf Coast (USG), and the Q2 190-proof industrial ethanol contract at $4.00-4.60/gal FOB USG.
Industrial contracts were delayed this quarter as market participants were focused on the active spot market and attempting to meet demand.
Ethanol is used as a gasoline blendstock, in pharmaceuticals, and in food and beverage applications, such as hand sanitizers and vodka.
Visit the ICIS coronavirus topic page for analysis of the impact on chemical markets and links to latest news.