Is India the next big thing in the Asian ethanol market?

摘要

Singapore-Chatter has grown increasingly loud recently about the boom in Indian demand for seaborne, imported ethanol. It is reminiscent of similar fervor among market participants last year, when China’s ethanol imports jumped manifold almost overnight, resulting in a surge of traders knocking on the Middle Kingdom’s door. And it appears there is good reason to be optimistic about India. According to US Census Bureau data compiled by S&P Global Platts, the United States exported nine cargoes totaling 102,597 cu m between February and April, with the largest being a 54,912 cu m parcel of undenatured fuel-grade product shipped in April.