Three vessels seen taking US ethanol to China by year’s end

December 20, 2017 |

In Kentucky, Genscape says the arbitrage window for ethanol between the US and China opened up in October thanks to prices as low as $1.30/gallon that makes the fuel competitive despite the 30% import tariff in place since the beginning of 2017. As a result, three vessels are currently en route to China and are expected to discharge before the end of the year, including one vessel that was on route to South Korea and changed its destination to China. With less ethanol headed to Brazil due to the 20% import tariff there, volumes are instead heading to Spain, Nigeria and India.

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