Amount of hydrous ethanol traded in August decreases more than 30%

Cepea, September 3 2019 – The volume of hydrous ethanol marketed in August decreased a steep 33% compared to that from July, due to the lower demand, mainly late in the month.

 

As for prices, in the full weeks of August, the CEPEA/ESALQ Index for hydrous ethanol averaged 1.7254 BRL per liter, 2.74% up compared to that in July and 12.7% above that in August 2018, in real terms (values were deflated by the IGP-M from August/19). The CEPEA/ESALQ Index for anhydrous ethanol averaged 1.9331 BRL per liter, 3.74% and 16.6% up, respectively, in the same comparison – considering only the spot market.

 

This season (April to August 2019), the CEPEA/ESALQ Index for hydrous ethanol is 3.6% higher than that in the same period of 2018, in real terms. Concerning anhydrous ethanol, the average this season is 3.2% higher.

 

According to data released by Unica (Brazilian Sugarcane Industry Association) in mid-August, the refineries from central-southern Brazil traded 1.45 billion liters of ethanol in the first fortnight of August – 1.34 billion liters were sold in the Brazilian market. Anhydrous sales in the domestic market, in turn, totaled 393.87 million liters. Concerning hydrous ethanol, that volume totaled 949.38 million liters, less than the 1.04 billion liters marketed in the previous fortnight.

 

(Cepea-Brazil)

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