Cepea, November 5, 2020 – The volume of hydrous ethanol sold by ethanol plants in October was the highest in the 2020/21 season, the third highest in the series of Cepea (which began in Nov/2002) and 89% higher than that marketed in September.
On the other hand, the amount sold in October was 0.25% lower than that traded in October 2019, when the second highest volume in the series was sold. In the 2020/21 season (April/20 – October), the volume sold is 29.7% lower than that in the same period of the 2019/20 season.
Last month, more cities in Brazil relaxed the social distancing measures related to covid-19, favoring the domestic economy, and schools partially reopened in some regions in São Paulo, which increased both people’s mobility and the demand for fuel. The exchange ratio between hydrous ethanol and gasoline C at the pumps from São Paulo continues favorable to ethanol, despite the price rises at refineries in the last weeks.
PRICES – Considering the full weeks of October, the CEPEA/ESALQ Index for hydrous ethanol averaged 1.9752 BRL per liter (zero ICMS and zero PIS/Cofins), 10% up compared to that in the full weeks of September. The CEPEA/ESALQ Index for anhydrous ethanol averaged 2.3027 BRL/liter (zero PIS/Cofins) in October, 10.25% up in the same comparison.
This season (April to October 2020), the averages of these Indexes are still 14% lower than that in the same period last year (values were deflated by the IGP-M from Oct/20).