Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

S Korea, Japan ready to switch to Brazilian ethanol from new crops: sources

Agriculture | Energy | Coal | Electric Power | Natural Gas | LNG | Oil | Metals | Petrochemicals | Shipping

IMO 2020

Agriculture | Biofuels

Platts Biofuelscan

Electric Power | Renewables | LNG | Infrastructure Utilities

Caribbean Energy Conference, 21st

Agriculture | Energy | Natural Gas | Oil | Metals | Coronavirus

Energy markets feel brunt of pandemic on global commodities

S Korea, Japan ready to switch to Brazilian ethanol from new crops: sources

Singapore — South Korean and Japanese trading houses were making a seasonal switch towards cheaper Brazilian Grade B ethanol, with the Brazilian crushing season expected to begin mid April and products being made available from the new sugarcane crop, market participants said this week.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

"South Korean and Japanese buyers are only waiting for a clear signal of when the Brazil sugarcane harvest will officially start and the Pakistan sugar mills will be closed before they start buying in large quantities from Brazil," said one trader.

On the Korean front, buyers were booking Brazilian ethanol for July arrival. While South Korean buyers traditionally offtake ethanol one month before arrival, recent months saw a shift in buying pattern with purchasers eager to secure supplies faster due to soaring Pakistani ethanol prices, sources said.

Pakistani ENA was heard at $700-$720/mt FOB Karachi for June loading, higher than the $650/mt reported in March. Acute shortage of molasses led to the higher prices and heightened the possibility of less production in the latter half of the year.

South Korean ethanol imports surged in March, following two consecutive months of decline, latest data released by the Korea Customs Service showed. This came on the back of a jump in denatured ethanol imports from the US.

Imports of denatured ethanol -- used mainly on the industrial side -- jumped 148.23% month on month and 51.6% year on year in March to 32,927 mt.

Meanwhile, imports of undenatured ethanol fell by 26.4% year on year, but was 3.19% higher month on month. On the whole, imports of ethanol surged 80.23% month on month to 45,008 mt in March, higher by 18% year on year.

Moving to Japan, at the beginning of April, trading houses were preparing to negotiate with Brazilian suppliers for August delivery with hopes of wrapping up talks before the start of the Golden Week holidays at the end of the month. However, news emerged of a reluctance from both sides to fix prices following the recent rainstorms in Brazil.

Price indications of Brazilian Grade B ethanol were reported at around $530-$540/cu m CFR Ulsan for July arrival.

-- Donavan Lim,

-- Phillip Herring,

-- Edited by Shashwat Pradhan,