Ethanol price expected to decline in the coming days

Ethanol is expected to suffer a price reduction this week. It is worth mentioning that last Friday (16), the price had reached R $ 1.84, which cheered distilleries to seek greater recovery in the values of hydrated ethanol.

Some reasons have made expectations continue positive with regard to the price of fuel, such as the clearance in the tanking of industries, in addition to a certain anticipation of distilleries in the formation of inventories for the end of the year. In addition, the high movement of ethanol, which had arrived at RS 1.63 a few weeks ago, will benefit from now on with November the end of the harvest, causing the slightest need for disposal in the plants and distilleries.

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