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 in Brazil's North-Northeast anhydrous ethanol spot market fell Real 80 in the week ending March 17.
The NNE anhydrous ethanol price fell and spot market activity was subdued for the week ending March 17 because distributors had restocked during the prior week to cover demand during the last half of March and regional demand was shifted toward hydrous ethanol, according to multiple market sources.
On March 17, a 1,000 cu m and 2,000 cu m trade was heard at Real 3,500/cu m ex-mill Pernambuco, while a CIF Suape 2,000 cu m trade was reported at Real 3,565/cu m.
Market participants were expecting ethanol prices in the North-Northeast region to ultimately track ethanol prices in the Center-South in the near term.
Platts assessed anhydrous ethanol ex-mill Ribeirão Preto at Real 3,195/cu m March 17, down 1.54%, or Real 50, so far in 2023, compared with Platts-assessed DAP Suape anhydrous ethanol at Real 3,550/cu m March 17, up 1.57%, or Real 55/cu m in 2023.
Anhydrous ethanol imported from the US could land in Suape at Real 4,417/cu m, Real 867 above the Platts DAP Suape ethanol assessment, proving the closure of import arbitrage, according to S&P Global calculations.
Platts is part of S&P Global Commodity Insights.
Platts assessed DAP Suape anhydrous ethanol for one to 15 days forward from the date of publication at Real 3,550/cu m on March 17, down Real 80/cu m on the week.
The assessment considered two trades heard for 1,000 cu m and 2,000 cu m on March 17 at Real 3,500/cu m ex-mill Pernambuco and a freight of Real 50/cu m to normalize it to DAP Suape. After the trades, there were offers heard at Real 3,600/cu m ex-mill Pernambuco.
There were no bids or trades heard after the outstanding offer.
Platts is part of S&P Global Commodity Insights.
This rationale applies to symbol(s) <AAXFW04>
17 Mar 2023 — NNE Brazil: Anhydrous: Offer, Real 3600/cu m, ex-mill Pernambuco
17 Mar 2023 — NNE Brazil: Anhydrous: Traded "Wed" (1,000 cu m), Real 3500/cu m, ex-mill Alagoas
17 Mar 2023 — NNE Brazil: Hydrous: Traded, Real 2870/cu m, ex-mill Alagoas (inside the state)
17 Mar 2023 — NNE Brazil: Anhydrous: Traded (1,000 cu m) , Real 3500/cu m, ex-mill Pernambuco
17 Mar 2023 — NNE Brazil: Anhydrous: Traded (2,000 cu m) , Real 3565/cu m, CIF Suape
17 Mar 2023 — NNE Brazil: Anhydrous: Traded "Wed", Real 3500/cu m, ex-mill Alagoas
17 Mar 2023 — NNE Brazil: Anhydrous: Offer, Real 3600/cu m, ex-mill Paraiba
17 Mar 2023 — NNE Brazil: Anhydrous: Traded (2,000 cu m) , Real 3500/cu m, ex-mill Pernambuco
17 Mar 2023 — NNE Brazil: Hydrous: Traded, Real 2850/cu m, ex-mill Alagoas (inside the state)
17 Mar 2023 — NNE Brazil: Freight PE to Suape: Indicative Value, Real 50/cu m
