Ethanol News
ETBE report:
ETHANOL – T1 prices have surged again this week while the T2 sector has also firmed, albeit more modestly. This has rendered T2 even more competitive with T1 for the denatured markets that require €102 import duties (e.g. the UK, Netherlands, Finland), with T2 average values of €547.5 versus a T1 plus €102 denatured import duty value of €564. T1 December offers have really thinned out, while buying interest has been growing. Values have increased almost daily over the week, with T1 booked at US$692/cu m FOB Rdam on Monday, while a bid was repoted at US$698 on Tuesday. Earlier week offers at US$699 seem to have disappeard. January levels were quoted at around US$680–US$710/cu m, bid/offer, with February at US$645–US$715/cu m. T2 is offered circa €550/cu m for December and Q1, dipping to around €530/cu m for Q2.
