Platts launches weekly anhydrous bioethanol CFR India assessments Nov. 18

Platts has launched two weekly anhydrous grade ethanol assessments on a CFR India basis, effective Nov. 18, 2025.

The two weekly assessments are:

• Anhydrous Ethanol CFR India Shipment One-Month-Ahead (M1) (CIAES04)
• Anhydrous Ethanol CFR India Shipment Two-Months-Ahead (M2) (CICES04)

The two new assessments reflect shipment loading one month ahead (M1) and two months ahead (M2) from the month of publication. The loading laycans roll on the first Tuesday of every month.

For example, for the month of September, Platts will assess:

October Shipment (M1)

November Shipment (M2)

These assessments will roll on the first Tuesday of October, when Platts will assess:

November Shipment (M1)

December Shipment (M2)

The assessments reflect denatured anhydrous grade with a purity of more than 99% ethanol by volume.

The assessments reflect a parcel size of 3,000-5,000 mt. Other volumes may be taken into consideration and normalized back to 3,000-5,000 mt for assessment purposes. An ethanol cargo shipped to Indian ports could consist of multiple parcels on one vessel.

The assessments reflect CFR Nhava Shiva or Mundra. Cargoes shipped to other Indian ports that meet the quality specifications may be taken into consideration and may be normalized back to the above basis locations for assessment purposes.

The assessments reflect a payment term of an usance letter of credit (LC) of 180 days from the bill of lading date. Platts may consider and normalize price information with usance LC of shorter or longer than 180 days for assessment purposes.

In the absence of CFR India pricing data, Platts may look at related markets, such as the Platts Chicago Terminal (AALRI00) ethanol benchmark, and factors such as quality premium, insurance, freight and other costs, or other adjacent ethanol market information, for assessment purposes.

The weekly assessments are published in US dollars per metric ton, reflecting the latest market information as of the close of the assessment window at 16:30 Singapore time on Tuesdays, following the Singapore calendar.

Platts originally proposed the launch in a note published Aug. 11, and extended the proposal on Sept. 22 in a note, followed by a decision published on Oct. 14.

The weekly assessments are published on Platts Biofuels Alert page 0014, in the daily Platts Biofuelscan and Weekly Ethanol report.

Please send any further questions, comments or feedback to mrts_biofuelsandfeedstocks@spglobal.com and pricegroup@spglobal.com .

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