Negotiations involving ethanol in the spot market in the state of São Paulo were more heated in the first week of this month. Despite this, biofuel prices have advanced modestly.

Between February 1st and 5th, the CEPEA / ESALQ Indicator for hydrated ethanol (producer price) closed at R $ 2.1321 / liter (without ICMS and without PIS / Cofins), a small increase of 0.23% in relation to that of previous week - this is the lowest weekly variation this year.

Distributors consulted by Cepea returned to the market, purchasing product to replenish stocks. On the seller side, the firm positioning of the sellers also supported prices.