Brazilian anhydrous ethanol hits historical high amid bullish fundamentals
Santos — The Brazilian anhydrous ethanol market hit its highest traded value on Oct. 21 amid a scenario of fuel consumption increase, lower ethanol production and a lack of imports from the US.
S&P Global Platts assessed anhydrous ethanol ex-mill Ribeirao Preto on Oct. 21 at Real 2,530/cu m ($451.07/cu m), up 13.71% on the month and 17.95% on the year. The assessment was the highest since Platts started to assess this market in April 2014.
By Nicolle Monteiro de Castro via S&P Global Platts