[ad_1]
Cepea, August 5, 2024 – The pace of ethanol trades continued slow in São Paulo in late July, pressing down quotations by 3% at the end of the month. Distributors remained showing little interest to purchase the product in the SP market.
Between July 22 and 26, the CEPEA/ESALQ Index for hydrous ethanol closed at BRL 2.5664/liter (net of ICMS and PIS/Cofins), downing 3.39% compared to that in the previous week. Concerning anhydrous ethanol, the CEPEA/ESALQ Index closed at BRL 2.9592/liter, net of taxes (PIS/Cofins), for a decrease of 3% in the same comparison.
Many sellers remained away from closing trades in the spot market, due to competitive prices of sugar in the international scenario. Players also say they are discouraged with both current quotations and the volume of trades over the last months. Sellers who were active in the market ended up offering lower values.
According to data from Unica released in late July, hydrous ethanol trades in the Central-Southern Brazil totaled 6.56 billion liters in the accumulated of the 2024/25 season (from April 1st to July 15th), upping 43.8% in relation to the same period last crop (4.57 billion liters). In the first 15 days of July, the volume of hydrous ethanol traded in the domestic market was 869.5 million liters, for an increase of 52.5% compared to the same period of the year before.
(Cepea-Brazil)
[ad_2]
Fonte: Cepea