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EU ethanol May average down on April, up year-on-year

https://www.chemnet.com   Jun 02,2015 Platts
The average price for Platts T2 ethanol in May was Eur543.92/cu m ($593.70/mt), down Eur17.61/cu m from April but up from Eur487.85/cu m in May 2014.

Despite the fall from the previous month, supply in Rotterdam was limited for much of May and the shortness was continuing through the first half of June, traders said.

A shipment of 10,000 cu m of fuel and industrial grade ethanol from Guatemala aboard the Berganger was experiencing delays.

The shipment had been due to arrive at the end of May/start of June but as of Monday morning, was anchored in the Gulf of Nicoya, off Costa Rica, according to Platts ship tracking software cFlow.

The ratio of fuel to industrial grade ethanol on board was not known, but the fuel-grade volume was heard to already have buyers in Rotterdam.

The delay meant the backwardation in the market was sustaining through the month of June.
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