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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 move up following limited offers
  • Supply and demand fundamentals price constructive


Anhydrous ethanol price in the NNE Brazilian region moved up in the week that ended July 10 finding support on lower anhydrous availability in the domestic market.


Anhydrous was heard traded out of Goias state ranging from Real 1,870/cu m to Real 1,900/cu m for inside the state consumption purpose, while offers of anhydrous to be transferred to different states were heard at Real 1,950/cu m, with the last trade heard on July 9 for 500 cu m at the same price.

Producers from Goias do receive a financial incentive through tax rules whenever the product stay inside the state. There is a minimum premium of Real 50/cu m requested by producers to attend demand from outside the state. Platts consider a freight of Real 300/cu m to transfer anhydrous from Goias to Suape hub.

In the imported market, just a single seller was confirmed with product available on July 10, as the other one has sold all its volume in the beginning of the week. Imported cargo was offered DAP Suape at Real 300/cu m, against no bids.

Sources were expecting a new wave of higher prices from next week, as the supply and demand fundamentals were suggesting it.

The main cities from the North and Northeast Brazil were easing the quarantine measures and domestic offers of anhydrous were expected to be limited.

Platts valued imported anhydrous ethanol delivered CIF Suape, without the 20% import tariff, at Real 2,753/cu m, slightly higher Real 53/cu m week on week, still proving a wide closed import arbitrage. The price movement reflected a higher US ethanol cost. The calculation including the 20% import tariff, which is applied for any importer who is not a producer or for out of quota volumes was at Real 3,289/cu m.

Weekly Assessment Rationale

DAP Suape anhydrous ethanol for 1-15 days forward from date of publication was assessed at Real 2,250/cubic meters July 10, up Real 25 week on week.


The assessment considered the last trade heard ex-mill Goias at Real 1,950/cu m, which was normalized to DAP Suape by adding a freight of Real 300/cu m.

Bids and offers were still heard ex-mill Goias state at Real 1,950/cu m and DAP Suape at Real 2,300/cu m July 10.

This rationale applies to symbol(s) <AAXFW04>.

Market price heards

10 Jul 2020 — Anhydrous: Bid, Real 1,950/cu m, ex-mill Goias (outside the state)

10 Jul 2020 — Anhydrous: Offer, Real 1,950/cu m, ex-mill Goias (outside the state)

10 Jul 2020 — Anhydrous: Traded "Thu" (250 cu m), Real 2,140/cu m, ex-mill Bahia

10 Jul 2020 — Anhydrous: Traded "Thu" (500 cu m), Real 1,950/cu m, ex-mill Goias (outside the state), 1-15

10 Jul 2020 — Anhydrous: Value, Real 1,950/cu m, ex-mill Goias (outside the state)

10 Jul 2020 — Anhydrous: Traded "Wed" (120 cu m), Real 1,950/cu m, ex-mill Goias (outside the state), 1-15

10 Jul 2020 — Anhydrous: Traded "Thu" (350 cu m), Real 2,330/cu m, ex-mill Paraiba

10 Jul 2020 — Anhydrous: Offer, Real 2,320/cu m, DAP Suape

10 Jul 2020 — Anhydrous: Offer, Real 2,300/cu m, DAP Suape

10 Jul 2020 — Anhydrous: Offer, Real 2,300/cu m, DAP Suape

10 Jul 2020 — Anhydrous: Traded "Thu" (500 cu m), Real 1,900/cu m, ex-mill Goias (inside the state), 1-15

10 Jul 2020 — Anhydrous: Traded "Thu" (500 cu m), Real 1,860/cu m, ex-mill Goias (inside the state), 1-15

10 Jul 2020 — Anhydrous: Traded "Thu" (500 cu m), Real 1,880/cu m, ex-mill Goias (inside the state), 1-15

10 Jul 2020 — Anhydrous: Traded "Thu" (300 cu m), Real 2,140/cu m, ex-mill Bahia

10 Jul 2020 — Anhydrous: Traded "Thu" (500 cu m), Real 2,300/cu m, ex-mill Pernambuco


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