Spot ethanol prices on the rise but not as fast as hoped

In Texas, ICIS reports that increased driving demand has lifted spot prices for ethanol as shelter in place orders are lifted, but the market had hoped for a faster recovery. There is also concern that China will not buy as much US-origin ethanol as expected as part of the phase 1 trade deal easing the US-China trade war, instead opting for Brazilian-origin ethanol imports. ICIS data shows that ethanol spot prices hit bottom in early April but has been rising steadily ever since.