Cepea, June 16, 2021 – The volume of anhydrous ethanol (spot market + contracts) sold by the ethanol plants in São Paulo State (SP) to distributors in the first two months of the 2021/22 season (April and May 2021) is 33.8% higher than that in the same period last year. On the other hand, the amount of hydrous ethanol sold in the same period (spot + contracts) decreased by 11.9%.
It is worth to highlight that, in May, the volumes of anhydrous and hydrous ethanol marketed by the plants in SP increased by 45% (for each one of them) compared to that in April. This increase may be a reflex of the relaxation of restrictive measures to fight covid-19 and the consequent higher circulation of people and vehicles, majorly during some holidays.
As regards the average prices between June 7 and 11, the CEPEA/ESALQ Index for hydrous ethanol closed at 3.0004 BRL/liter, 4.2% up from that in the week between May 24 and 28. For anhydrous ethanol, the CEPEA/ESALQ Index rose by 1.08%, to 3.4448 BRL/liter. The ESALQ/BM&FBovespa daily Index for the hydrous ethanol delivered to Paulínia (SP) averaged 3,066.00 BRL/cubic meter (zero taxes) between June 7 and 11, a slight 4.4% up, in the same comparison.
In general, the number of deals closed in the first fortnight of June as low, as demand was slightly weak. Agents from ethanol plants were unwilling to reduce asking prices early in the month, becoming more flexible towards the end of the fortnight. With the competitiveness at pumps fading for six weeks, some agents reported lower sales of hydrous ethanol and higher sales of gasoline C.