Ethanol News
ETBE report:
ETHANOL – Tuesday was a strong day in EU ethanol spot markets, for both T1 and T2. T1 traded at around US$661/cu m FOB Rdam but subsequently moved up into the US$670s. T2 markets meanwhile climbed into the €540s, with a trade heard at €547/cu m. The weaker dollar, growing expectations of a tight Q1/January, increasing buy interest and a stronger energy complex all helped support the firmer outlook. T2 average prices of €545 are now at parity with a T1 equivalent Euro value of US$665 plus €102 import duty for the denatured markets.
