Philippines CIF prices fall to record low of $407/cu m as US ethanol prices collapse

March 18, 2020 |

In the Philippines, Platts reports that despite logistics challenges delaying ethanol deliveries to the country from the US, falling ethanol prices at origin are pushing down prices at destination to $407/cu m CIF Philippines, down $7/cu m in a single day to record lows. But even with record low prices, the Philippines is on lockdown like many other parts of the world, keeping demand in check, so purchases at these levels aren’t likely any time soon.

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Category: Fuels

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