| DATE |
10-Jun-10 |
Vol 80 |
|
|
| CFR ASIA ETHANOL
PRICES |
|
| Anhydrous |
n/c |
USD 690 - 730/ MT |
n/c |
|
| Hydrous 95% |
n/c |
USD 675 - 700/ MT |
-10 |
|
|
|
| T1 FOB ROTTERDAM
ETHANOL PRICES |
|
| Anhydrous |
25 |
USD 600 - 620/ MT |
30 |
|
| |
|
| FOB BRAZIL
ETHANOL (ANP) PRICES ( notional) |
|
| Anhydrous |
-25 |
USD 560 - 675/ MT |
-25 |
|
| Hydrous |
-25 |
USD 550 - 580/ MT |
-20 |
|
| |
|
| OTHER MARKET NEWS
& COMMENTS : |
|
| |
|
| In
Pakistan, REN offers are heard around $660 – 680/mt FOB Karachi for June
loadings. About 2000cbm of Pakistani REN grade was heard sold to Korean
end-user. No offers are from China as the country faces corn supply shortage.
DCE Corn Futures for July expiry is at CNY1961 on May 21. Hydrous offers from
Indonesia are heard over $600/cbm FOB Indonesia with molasses prices herad
quoted around $140/mt. No offers are heard from Thailand due to the emergency
situation in Bangkok. |
|
| |
|
| ASIA |
|
| |
|
| Petron
to buy more locally produced ethanol |
|
| According to Ethanol Producer Magazine, Petron Corp, a
Philippines based oil company, is looking for more domestically produced
ethanol. With 60 percent of the company’s ethanol required for a 5 percent
blending mandate coming via imports. The company is pursuing off-take
agreements to increase supply from local ethanol producers. In 2008, Petron
purchased the first locally-produced ethanol from Leyte Agri Corp., and now
expects to receive a supply from San Carlos Bioenergy Inc., Roxol Bioenergy
and Leyte. |
|
|
|
| OCEANIA |
|
| |
|
| Australia
to consume more ethanol |
|
| According to Australian Financial Review, the use of ethanol
cars in likely to increase with consortium made up of Holden, Caltex, the
Victorian government, environmental company Veolia Environmental Services and
ethanol producer Coskata investigating the potential of a $364 million
production plant in Victoria. Later this year, a version of the Holden
Commodore will be released that will run on 85 percent ethanol blend fuel. |
|
| |
|
| AMERICAS |
|
| |
|
| BM&F
BOVESPA began new hydrous cash-settled futures and option contracts |
|
| According to PR Newswire, BM&F Bovespa began trading on May
17th its cash-settled
hydrous futures and options contracts. The new contracts with a price
formation from the region of Paulina, in the state of Sao Paulo, are
authorized for trading with effect from the June 2010 delivery month onwards.
The size of the contract is 30cbm, quoted in Brazilian Real and its
expiration date is on the last business day of the delivery month. The
maximum daily price fluctuation will be 6.5%, which shall be added to or
subtracted from the previous day’s settlement price. |
|
|
|
| US
exported 170,000 cbm in March 2010 |
|
| According to RFA, U.S. ethanol exports have boomed in recent
months, with shipments destined for dozens of nations including some in the
Middle East, Canada, and Netherland. In March 2010, U.S. exported more than
170,000 cbm of ethanol and export volume reached more than 314,000 cbm in the
first quarter of 2010. |
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