Ethanol - ETBE (Week Report)
ETHANOL – T1 prices have had a choppy week, moving down into the US$660s late last week, but rising to US$690 on Monday and breaking the US$700 barrier on Tuesday. T2 Rdam activity has been quiet in recent days, with €570 still offered but no firm bids heard, while ely March offer ideas are lower at €555. Notional buy interest is pegged at €550. The rise in T1 as well as the Euro’s recent weakness against the US dollar in the past week has put T2 firmly back into competitive territory versus T1 values for denatured markets (T1 plus €102/cu m import duties).
