Please visit our price discovery tools at primadiscovery.com

Americas Asia Ethanol US

Weaker US dollar gives support to commodity markets

Korean B grade ethanol prices were seen drifting in another thin session on Tuesday amid the aftermath of Singapore’s public holiday. China’s currency devaluation put foreign exchange gyrations at the forefront of the market’s mind, with the weaker US dollar offering overnight support to crude and other commodity markets and the Brazilian Real showing a slight recovery from the 12 year lows touched last week. Australia’s potential as a regional import market for fuel ethanol is brightening, according to a recent USDA report highlighting the end of Australia’s subsidy program for domestic ethanol producers in June. New South Wales requires a 6% ethanol blend in wholesale and most retail fuel sales.

 

Leave a Reply