European T2 ethanol prices sink to 15-week low

In the Netherlands, T2 ethanol prices continue to fall in light of increased imports and higher margins post-maintenance period encouraging producers to boost production. Prices last week hit Eur551/cu m, the lowest in 15 weeks. With the upcoming sugarbeet harvest along with the former Abengoa Salamanca ethanol plant coming back online, prices for Q4 aren’t likely to seen any bullish support even as imports begin to fall off. By year’s end, the market is expected to be near balance.