London — An ethanol cargo has been fixed from Puerto Quetzal, Guatemala to Europe for the first half of May, a source said Monday.
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The shipment was slated to be between 10,000-12,000 cubic meters with freight costing in the high $70s/mt to low $80s/mt.
The cargo will probably arrive in the ARA region in June, a trader said.
This is the second May-loading Guatemalan export to head to the EU in as many weeks.
Last week a shipment of around 15,000 cu m of product was heard due to leave Puerto Quetzal, Guatemala's largest port for Rotterdam, in the second half of May, according to sources.
Imports in to Europe have been significantly lower in 2015 than in previous years as a result of high import duties on US product and low prices in Europe for ethanol over the winter months.