Northeast Asian ethanol market getting concerned over Brazilian truckers strike

May 30, 2018 |

In Singapore, ICIS reports that the Brazilian truckers strike has seen hydrous ethanol trade in Northeast Asia grind to a halt, although prices are holding steady at around $605-620/ton CFR, roughly three year highs, until they are heard differently. In the meantime, no one is talking within the trade. ICIS said Asian buyers were checking with their Brazilian suppliers to find out if shipments would be delayed but there was no clarity on the issue.

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