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

May 28, 2020 |

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.

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Category: Fuels

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