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South Korea's ethanol imports rise 63% on month to 38,133 mt in Oct

Singapore — South Korea's ethanol imports jumped 62.53% month on month to 38,133 mt in October, data released Tuesday by the Korea Customs Service showed.

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Imports of undenatured ethanol surged 158.74% on month to 16,413 mt in October. Brazil was the biggest supplier of undenatured ethanol in the month, accounting for 64.88% of the total, followed by Pakistan at 31.51%.

Pakistan has been the biggest supplier of undenatured ethanol to South Korea to date in 2018, accounting for 30.74% of the total 118,368 mt imported since January.

Australia was the second-largest supplier at 24.45%, followed by Brazil at 23.14%.

Imports of denatured ethanol rose 26.88% on the month to 21,720 mt in October, of which 94.72% came from the US.

On the export front, South Korea's total ethanol shipments rose 37.39% on the month to 3,379 mt in October. Japan remained the top export destination, accounting for 99.3% of South Korea's ethanol exports.

Denatured ethanol exports totaled only 22 mt in October, up from 1 mt in September. Thailand accounted for 61.85% of the total denatured ethanol exports and Sudan for 32.49%.

-- Srijan Kanoi, srijan.kanoi@spglobal.com

-- Edited by E Shailaja Nair, newsdesk@spglobal.com