Portuguese 
English 
Spanish 
2 min of reading 
With The Whole Week of Hydrated Ethanol in Free Fall at Distribution Bases, The Biofuel Closed With A Positive Price at The Mills
Yesterday, (30/03) was an important day to see if hydrated ethanol had come out of the bottom of the well. After continuous drops, the price of ethanol reacted at the mills and at the distributors. Ethanol price evaporates at the mills and distributors burn off stock, on the last day 20.
Read Also
- High Gas Prices Caused Ethanol Prices to Rise in All Brazilian States
- Eternit Buys Factory in SP for R$110 Million from Its Competitor in The Tile Sector Confibra
- Former Petrobras Economist Says Shell Will Control The Fuel Market in The Northeast and North After The Sale of RLAM
In Ribeirão Preto, Safras & Mercado saw the liter of the biofuel being traded around R$ 2.80, with tax and without freight, R$ 0.07 above Friday. Until last Monday, on the weekly average, the price of ethanol dropped at the mills by 15.84% (R$ 2.3071, free), according to Cepea.
At the distributors in Paulínia (SP), there was an increase of 1.65% and the liter, at R$ 2.3405, reducing the accumulated retraction for the month to 18.86%.
-
Shopee opened three distribution centers at once in Vitória, Curitiba, and Fortaleza with the capacity to process 700,000 orders per day, generated 900 jobs, and now totals 22 centers in Brazil with 200 logistics hubs and 45,000 partner drivers in a race against Mercado Livre and Amazon.
-
TIM closed a partnership with PicPay to distribute financial products to its 61 million customers without investing a single cent in equity. The focus is credit, and the move marks the operator’s return to the financial sector after receiving R$ 520 million to exit C6 Bank.
-
With an investment of R$ 870 million and an annual capacity of 720,000 tons, Petrobras returns to producing urea in Paraná and addresses the dependence on approximately 80% of Brazilian imports of nitrogen fertilizers, a segment pressured by the war in Ukraine and conflicts in the Middle East.
-
Trump signed a decree on May 1st that expands sanctions against Cuba and authorizes unprecedented punishment for foreign banks and companies that do business with the island; China classified the measures as “illegal” and called for an immediate end to the embargo, in an official statement released this Tuesday.
The stock liquidation movement was quite evident and may have ceased, with distributors returning to purchases even with the low circulation of the population due to state and municipal restrictions to combat the pandemic.
Competitiveness of Hydrated Ethanol Prices Is Still Not Good
Even with gasoline prices dropping at the pumps last week, according to ANP, Maurício Muruci from Safras believes that the competitiveness of hydrated ethanol is still not good.
The gap of gasoline to oil reached R$ 0.21 per liter today, informs the survey by Abicom, which brings together fuel importers.
The constant downward movement of distributor prices also reached the gas stations.
In addition to the scenario influenced by oil, which interrupted the increases with the unblocking of the ship in the Suez Canal, the Central-South crop is already offering more ethanol, although officially the cycle starts on April 1.
Raízen of The Shell Group Wants to Build Three Ethanol Production Plants Made from Bagasse and Sugarcane Straw
Raízen, the global giant producing ethanol together with Shell, intends to build three more cellulosic ethanol plants — or second generation. The good news was announced by businessman Rubens Ometto of Cosan, last Monday (15/03)
The technology for producing cellulosic ethanol emerged from a partnership between Shell and the Canadian company Logen, specialized in biotechnology. In the last crop (2019/20), the Piracicaba unit produced 226 liters of ethanol for each ton of dry biomass in Paulínia.
Be the first to react!