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Japan's Dec ethanol imports slump 16% on year

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Japan's Dec ethanol imports slump 16% on year

Singapore — Japan's ethanol imports fell 8.45% month on month to 58,758 cu m in December 2018, and were lower by 16.18% year on year, Trade Statistics of Japan data released Wednesday showed.

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Imports of undenatured ethanol totaled 58,758 cu m, with Brazil remaining the biggest supplier at 45,319 cu up from 44,792 cu m in November.

The US supplied 12,255 cu m also up from at 8,839 cu m in November.

Only 168 cu m of Pakistani cargoes landed into Japan in December down from 411 cu m in November.

For 2018, Brazil was also the biggest supplier of undenatured ethanol to Japan accounting for 370,419 cu m of the total 668,672 cu m.

Pakistan accounted for 118,548 cu m and the US at 109,020 cu m.

Japan imported a negligible 0.037 cu m of denatured ethanol from the US in December.

Japan's imports of denatured ethanol from Brazil for bio-ethyl tert-butyl ether, ETBE, was negligible in December versus 7,925 cu m in November.

In total, 59,692 cu m of Brazilian ethanol were imported in 2018 for ETBE use.

Market participants reported that most Japanese houses have booked cargoes until June 2019.

Negotiations for Brazilian B-grade for the new crop may begin in the middle of February or March.

-- Donavan Lim,

-- Edited by Norazlina Jumaat,