Lower price opens window to move Brazilian hydrous ethanol to California

摘要

With hydrous ethanol prices in Brazil's Center-South region falling 13.10 during March to 1,990 reals($832)/m~3,an arbitrage window to ship Brazilian hydrous ethanol to the US state of California has opened.The main factor triggering the Brazilian ethanol price decrease dirough March is strong selling pressure from a major trading house,which dramatically cut prices in an effort to find the optimal balance between edianol stocks and cash on hand to maximize profits during the last week of March.