Volume of hydrous ethanol sold in August is the highest in the 20-21 season

Cepea, September 3, 2020 – The amount of hydrous ethanol traded in the Brazilian market in August was the highest in the 2020-21 season (which officially began in April), according to Cepea surveys. Compared to that in July, the volume sold last month is 20.6% higher, however, compared to that in August 2019, it is 12.7% lower.

 

According to researchers from Cepea, this is a reflex of the “relaxation” of the social distancing measures in many Brazilian regions, which increased the demand for the biofuel. Besides, at pumps, ethanol prices have been more advantageous than gasoline prices, also influencing sales.

 

In the full weeks of August, the CEPEA/ESALQ Index for hydrous ethanol averaged 1.7184 BRL per liter (zero ICMS and zero PIS/Cofins), 4.99% up compared to that in the full weeks of July. As regards anhydrous ethanol, the CEPEA/ESALQ Index (zero PIS/Cofins) closed at 1.9509 BRL/liter, 5.08% up in the same comparison.

 

In general, sellers were unwilling to lower asking prices for both types of ethanol. As prices were one the rise in August, agents from some refineries – which had been away from the market early in the month – resumed selling the product in the second fortnight.

 

On August 31, the ESALQ/BM&FBovespa Index for the hydrous ethanol delivered to Paulínia (SP) closed at 1,887.00 BRL/cubic meter (zero taxes), 6.8% up compared to the average on July 31.

 

(Cepea-Brazil)

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