BRAZIL: Sales of hydrous ethanol in São Paulo reaches record volume in May
Published: 06/05/2018, 4:40:11 PM
Heated demand has pushed sales of hydrous ethanol in São Paulo state in May to its highest volume since Oct. 2017, according to data by the Centre for Advanced Studies on Applied Economics (CEPEA), reports Sugaronline.
Record sales in São Paulo occurred despite a truckers strike that had halted normal distribution of fuels during the last ten days of May. The volume of ethanol sales last month has also been the largest for the month of May since 2015.
Heated demand has also continued to support biofuel prices. The average weekly price for hydrous ethanol in May was 5.35% higher than the value registered in April, at BRL1.6111/litre (US$0.44). The weekly price for anhydrous ethanol in May was 0.11% higher than the price in April, reaching BRL1.7285/litre (US$0.48).
The pace of sales during the last week of May was slower than in the previous weeks, with most of the sales occurring on Friday (June 1). Distributors focused on withdrawing ethanol traded during the first half of May, while mills resumed the cane crush, gradually normalizing activities.