Platts NNE Brazil anhydrous ethanol assessment is the weekly price benchmark by S&P Global Commodity Insights for physical ethanol delivered into Suape, Pernambuco, in northern Brazil.
The assessment reflects anhydrous ethanol Delivered at Place in Suape and takes into consideration ethanol produced regionally, imported from the Center-South region as well as volumes delivered from international locations.
The NNE Brazil Anhydrous assessment reflects the weekly tradeable value of a spot anhydrous ethanol at Suape 1-15 days forward from the date of publication, based on trades, bids, offers and indications of tradeable value reported to S&P Global Commodity Insights pricing specialists.
Commodity Insights editors engage directly with producers, consumers, traders, brokers, and shippers to gather price information. Commodity Insights publishes this information and uses it to assess values. The information gathered through market surveys is considered in the final assessment.
These inputs are published throughout the day, in real-time, in the form of "market heards", to allow Commodity Insights to test the information, which forms the basis of the assessment and for market participants to give feedback on those inputs.
The assessment reflects a minimum volume 250,000 liters, or 250 m3, maximum volume 1,000,000 liters, or 1,000 m3. Other volumes may also be considered but in relation to the assessed volume range. Commodity Insights considers standard payment terms, such as payment within 10 days of delivery.
Prices for anhydrous ethanol sold in Northeast Brazil fell in the week ending May 10, with buyers showing diminished enthusiasm for fresh volumes. Based on reported deals and indications, Platts assessed DAP Suape anhydrous ethanol for one- to 15-days forward at Real 3,145/cu m May 10, down Real 20 on the week.
Sources unanimously said that Northeast spot trading for anhydrous was light this week, with motor fuel distributors reportedly well-stocked enough for the current retail fossil fuel demand levels. Buyers were also wary of the bearish potential for the ethanol market as sugarcane crushing activities pick up steam in neighboring Center-South states, resulting in more supply options.
A Pernambuco-based ethanol broker told S&P Global Commodity Insights earlier this week that surveys of its clients indicated that, while they felt prices have remained "stable and somewhat predictable," their tolerance for risk is palpable. Specially for anhydrous, a product they are in no hurry to buy.
"Buyers sometime can act like a scalded cat," he added. "They remember the last time they got burned -- and they don't want to get burned twice."
Two sellers confirmed they trimmed their initial offers slightly to entice buying interest throughout the week, but bids were well below working levels for them.
Platts is part of S&P Global Commodity Insights.
Platts assessed DAP Suape anhydrous ethanol for one- to -15 days forward at Real 3,380/cu m May 16, unchanged from the prior assessment on May 15.
No bids, offers or trades were heard on May 16.
Platts is part of S&P Global Commodity Insights.
This rationale applies to symbol(s) <AAXFW00>.
16 5 2024 — Hydrous, Traded (300 cu m), 2900 Real/ cu m, ex-mill Tocantins (outside state);
16 5 2024 — Hydrous, Traded (180 cu m), 3000 Real/ cu m, ex-mill Pernambuco
15 5 2024 — Hydrous, Traded (120 cu m), 3000 Real/ cu m, ex-mill Piauí (outside state)
15 5 2024 — Anhydrous, Traded (120 cu m), 2700 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Anhydrous, Offer, 3050 Real/ cu m, ex-mill Alagoas
15 5 2024 — Hydrous, Offer, 3000 Real/ cu m, ex-mill Pernambuco
15 5 2024 — Anhydrous, Offer, 3070 Real/ cu m, ex-mill Alagoas
15 5 2024 — Freight from GO to Suape, , Real/ cu m, Ind. Value, 650
15 5 2024 — Hydrous, Traded (120 cu m), 2800 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Hydrous, Traded (140 cu m), 2800 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Hydrous, Traded (225 cu m), 2780 Real/ cu m, ex-mill São Paulo (outside state)
15 5 2024 — Anhydrous, Traded (300 cu m), 3380 Real/ cu m, cif Suape
15 5 2024 — Freight from South GO to Suape, , Real/ cu m, Ind. Value, 630
15 5 2024 — Hydrous, Traded (180 cu m), 2750 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Anhydrous, Offer, 2800 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Hydrous, Traded (120 cu m), 2800 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Hydrous, Traded (500 cu m), 2800 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Hydrous, Traded (120 cu m), 2800 Real/ cu m, ex-mill Goiás (outside state)
15 5 2024 — Freight from North GO to Suape, , Real/ cu m, Ind. Value, 475
15 5 2024 — Anhydrous, Traded (300 cu m), 2750 Real/ cu m, ex-mill Goiás (outside state)
