Volume traded in Nov/19 is more than 35% higher than that from Nov/18

Cepea, December 5, 2019 – The total amount of hydrous ethanol traded in the 2019/20 season (April to November) is 14.9% higher than that from the same period last crop. The volume marketed in November/19, in turn, is 35.2% higher than that from Nov/18. High sales at pumps continue to influence the amounts traded by refineries, underpinning quotes in the main producing states from Brazil.

 

In the full weeks of November, the CEPEA/ESALQ Index for hydrous ethanol averaged 1.9051 BRL per liter, 5.23% up compared to that in the full weeks of October. The CEPEA/ESALQ Index for anhydrous, in turn, increased 6.04%, in the same comparison, averaging 2.1030 BRL per liter in November – both considering only the spot market. It is worth to mention that hydrous ethanol prices have been on the rise in the market of SP for 11 weeks.

 

This season (April to November), the CEPEA/ESALQ Index for hydrous ethanol has been 3.13% higher than that in the same period last season; for anhydrous ethanol, the Index is 2.17% higher this season, both in real terms (values were deflated by the IGP-M from November/19).

 

The volume traded in that period was the third largest in all Cepea series, due to the firmer demand – purchasers are anticipating acquisitions for December/19 and January 2020.

 

As regards refineries, firm sales and the end of crushing at a high number of large-sized refineries are also helping to push up prices and increase the volume traded. According to Unica (Brazilian Sugarcane Industry Association), 120 refineries had interrupted activities by Nov. 16, against 86 in the same period last year.

 

(Cepea-Brazil)

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