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Our Price Explained
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What is NNE Brazil Anhydrous Ethanol?
What is NNE Brazil Anhydrous Ethanol?
Platts NNE Brazil anhydrous ethanol assessment is the daily 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.
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How do we Assess NNE Brazil Anhydrous Ethanol?
How do we Assess NNE Brazil Anhydrous Ethanol?
The NNE Brazil Anhydrous assessment reflects the daily tradeable price of spot anhydrous ethanol at Suape for delivery 1–15 days forward from the publication date, based on trades, bids, offers, and indicative values 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.