Philippines CIF ethanol prices fall to four-month low as it tracks Argo lower

December 13, 2018 |

In the Philippines, Platts reports that imported ethanol prices basis CIF Philippines fell to $415.33/cu m earlier this week, a four-month low US ethanol prices continue to fall. Argo Ethanol prices fell to 15-year lows earlier in the week as production continues to pass more than a billion barrels per day despite rising corn prices leading to squeezed and sometimes negative margins. Despite the low prices, no cargos have been seen heading to Malaysia since September while South Korean ethanol imports have also been falling.

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