The price of hydrated ethanol was sustained in the São Paulo market for the third consecutive week, despite the fact that demand remains weak, according to a survey carried out by Cepea. Due to the still undefined behavior of prices at the beginning of the season in the Center-South region – few units were active in the spot market in the last week. Uncertainties about the impacts of the pandemic on the consumption of biofuels and the price of oil on the international market are still of great concern to the sector. According to the survey, the volume of hydrated ethanol traded last week and captured by Cepea registered a reduction of 37.6% in comparison with the previous period and 76% in comparison with the equivalent week of 2019. As for prices, between 11 and May 15, the CEPEA / ESALQ Indicator for hydrates was R $ 1.3931 / liter (without ICMS and without PIS / Cofins), an increase of 0.77% in relation to the previous period. The CEPEA / ESALQ Indicator for anhydrous was R $ 1.5424 / liter (without PIS / Cofins), a slight increase of 0.55% in the same comparison.

Source: Jornal Cana