Haxo Bioenergy

Renewable, Sustainable, Low Carbon Biofuels and Clean Energy Company

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Ethanol ETBE (Week Report)

ETHANOL – The T1 sector has come under downward pressure in recent days, with spot booked close to US$675 on Monday but with offersrs slipping to the US$660s/cu m on Tuesday, matched by a lack of bids. T2 markets are fairly steady but bids have also thinned out in recent days, while offers dropped to €570 on Tuesday. We have seen some ongoing price discussions for US material and heard that several shipments have been booked, including a 10,000 mt early February shipment for ARA (with Finland rumoured as a possible alternative destination), as well as a 4,000 mt late January shipment, due also for Rotterdam. A new source of T2 status ethanol is on the market, with Sudan due to deliver its first export cargo of ethanol to Europe in January. More availability is anticipated in the coming months.