China sourcing ethanol from Central America after US arb window closed

May 30, 2018 |

In China, Platts reports that with the ethanol arbitrage window tightly shut against the US after imposition of an additional 15% import tariff, importers are instead looking towards origins in Central and South America to source needed supplies. Shipments heard include a likely one-off duty-free shipment of up to 17,000 metric tons from Costa Rica to a Chinese oil refiner for prompt loading. Other Central American origins who would traditionally ship to Europe but have hit a weak market there are courting China instead.

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