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The week was marked by a slight improvement in liquidity.
São Paulo's daily indicator of hydrated ethanol fell -2.27% this Thursday, according to information released by TF Agroeconomic. “This Thursday, hydrated ethanol registered a strong decline of -2.27% in its ESALQ/BM&FBOVESPA Posto Paulínia (SP) daily indicator. As a result, the price of a liter of biofuel, which was valued at R$ 2,818/L, ended the day at R$ 2,754/L”, he comments.
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“According to Agricultural Analysis (Broadcast Agro/CAPEA), the weekly CEPEA/ESALQ Indicator for hydrous ethanol producing segment in the state of São Paulo closed at R$ 2.7548/liter (net of ICMS and PIS/Cofins), an increase of 1.56% compared to to the previous period. For anhydrous, the CEPEA/ESALQ Indicator closed at R$ 3.1572/liter, net value of taxes (PIS/Cofins), an increase of 1.28%”, he adds.
The week was marked by a slight improvement in liquidity, with more buyers active in the market. “On the anhydrous ethanol side, demand remained strong, due to sales of C gasoline. There was a price reduction in some plants due to the logistical position, payment and withdrawal deadlines, but, even so, the weekly average CEPEA/ESALQ closed with a positive variation”, he indicates.
“In terms of relative prices in the producing link of the sugar-energy chain, the value of anhydrous was 9.8% higher than that of hydrated in São Paulo last week, according to Cepea calculations. In the case of sugar, the price was 29.2% higher than that of anhydrous sugar and 41.9% higher than that of hydrated sugar. The 2022/23 sugarcane season in the Center-South is approaching its end.
In the partial part of the current harvest (from April/22 to February/23), the averages of the weekly CEPEA/ESALQ (São Paulo) indicators for hydrated and anhydrous ethanol were respectively R$ 2.8443/liter and R$ 3.2444/liter, with both being 15% below those of the same period of the previous season, in real terms (the values were deflated by the IGP-M of February-23)”, he concludes.
Source: Leonardo Gottems | agrolink
