The Brazilian ethanol market moved at a better pace last days. Some distributors replaced inventories that reduced due to the Corpus Christi holiday. Moreover, the increase of anhydrous mix in gasoline (from 23 to 25 percent from July 1st on) announced by the Brazilian government also contributed for a larger number of trades.
Prices, in turn, kept moving down. Between June 4th and 15th, the CEPEA/ESALQ Index (Sao Paulo state) for anhydrous dropped 4.5 percent over the last week of May (from May 28th to June 1st). For the hydrated, the decrease was of 1.5 percent in the same period. From June 11th and 15th, the Index for anhydrous averaged 0.67361 real or 0.34824 dollar per liter (excluding taxes) and for hydrated, 0.58963 real or 0.30483 dollar per liter (excluding taxes).