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Price Assessment

Platts NNE Brazil Anhydrous Ethanol Price Assessment

  • What is NNE Brazil anhydrous ethanol?
  • How do we assess NNE Brazil anhydrous ethanol?
  • Weekly Assessment Commentary
  • Weekly Assessment Rationale
  • Market price heards

What is NNE Brazil anhydrous ethanol?

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Platts NNE Brazil anhydrous ethanol assessment the weekly price benchmark 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.

How do we assess NNE Brazil anhydrous ethanol?

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 Platts pricing specialists.

Platts editors engage directly with producers, consumers, traders, brokers, and shippers to gather price information. Platts 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 Platts 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. Platts considers standard payment terms, such as payment within 10 days of delivery.

Weekly Assessment Commentary

  • Anhydrous ethanol price DAP Suape plunged Real 180/cu m on the week
  • Regional prices capped by lacking demand and additional supply from CS


Anhydrous ethanol in Brazil’s Northeast region DAP Suape closed the week ended Friday at Real 2,295/cu m, down Real 180/cu m from the prior week and at the lowest assessment level since November 1, 2019, when the regional NNE crop reached its peak.


All fuel distributors were out of the anhydrous ethanol spot market and not even bids were heard in the market. Despite the plunged prices, the lacking fuel demand in the whole country has capped any buying interest.

Distributors were estimating that the fuel demand might be capped in at least 30% in March which could expand to as much as 80% in April if the social isolation keep being imposed. In addition to the lackluster demand, the National Petroleum and Biofuel Agency, ANP, which regulates the Brazilian fuel market, announced on Wednesday, that due to the coronavirus pandemic, which has hampered fuel demand, distributors were allowed to lower the minimum volume of anhydrous in stocks without any penalty.

According to S&P Global Platts calculations, anhydrous ethanol transferred by road from a mill in Ribeirao Preto to Suape port was valued at Real 2,250/cu m, a drop of Real 65/cu m week on week. Ethanol prices kept on its downward movement in the Center-South and the pricing scenario for the next weeks are still bearish.

Buyers were considering offers from Goias state as the most competitive ethanol price to supply the North-Northeast; however, no trade was confirmed.

Imported cargoes from US were also valued lower week on week as US ethanol prices also followed the international collapse in the energy basket during the last weeks. Platts valued imported anhydrous ethanol delivered CIF Suape, without the 20% import tariff, at Real 2,035/cu m, pretty stable week on week as the Real devalued to Real 5.0694/$1 on Friday from Real 5.0086/$1 a week earlier. The calculation including the 20% import tariff, which is applied for any importer not a producer or for out of quota volumes, was at Real 2,427/cu m.

Weekly Assessment Rationale

DAP Suape anhydrous ethanol for one-15 days' forward from date of publication was assessed at Real 2,295/cu m Friday, down Real 180/cu m week on week.


The assessment considered the most competitive offer heard basis ex-mill Goiania region at Real 1,900/cu m and the freight of Real 400/cu m from Goiania to Suape port. There were no trades or bids confirmed during the week.

This rationale applies to symbol(s) <AAXFW04>

Market price heards

27 Mar 2020 — Anhydrous: Offer, Real 2,410/cu m, DAP Suape

27 Mar 2020 — Anhydrous: Offer, Real 2,400/cu m, DAP Suape

23 Mar 2020 — Anhydrous: Offer, Real 2,480/cu m, DAP Suape

23 Mar 2020 — Anhydrous: Offer, Real 2,420/cu m, DAP Itaqui

23 Mar 2020 — Anhydrous: Offer, Real 2,460/cu m, DAP Suape

23 Mar 2020 — Hydrous: Offer, Real 2,150/cu m, CIF Suape

23 Mar 2020 — Anhydrous: Offer, Real 2,410/cu m, DAP Itaqui

27 Mar 2020 — Anhydrous: Offer, Real 2,410/cu m, DAP Suape

27 Mar 2020 — Anhydrous: Offer, Real 2,400/cu m, DAP Suape

23 Mar 2020 — Anhydrous: Offer, Real 2,480/cu m, DAP Suape

23 Mar 2020 — Anhydrous: Offer, Real 2,420/cu m, DAP Itaqui

23 Mar 2020 — Anhydrous: Offer, Real 2,460/cu m, DAP Suape

23 Mar 2020 — Hydrous: Offer, Real 2,150/cu m, CIF Suape

23 Mar 2020 — Anhydrous: Offer, Real 2,410/cu m, DAP Itaqui


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