Ethanol News - ETBE (Week Report)
ETHANOL – T1 prices reached record highs of US$690-710/cu m FOB Rdam in the past week, just above the previous all-time highs of US$690 reached at the beginning of September 2008 (see chart) - but the market is now beginning to ease from these levels. A trade was reportedly booked on Friday at US$705, and some sources assessed January prices at US$700-720 on Monday (even higher for prompt). But values have started to drop quite sharply, with Q1 now pegged around US$675-685 – down about US$25-35 on the week.
