Hydrated ethanol, used in flex cars or originally with alcohol, closed the week from March 15 to 19 in red, according to the Cepea Indicator (Center for Advanced Studies in Applied Economics), from Esalq / USP. This was the second consecutive week of decline in the indicator.

The liter of biofuel was traded in the last week at R $ 2.7414, against R $ 2.9059 the liter of the week from March 8 to 12, devaluation of 5.66% in the comparison between the two periods.

Anhydrous, used in the mixture with gasoline, closed the last week quoted at R $ 2.9841 per liter, against R $ 3.12229 per liter from the previous week, down 4.44% in the comparison between the weeks.

Analyze 

For Arnaldo Luiz Corrêa, from Archer Consulting, "in the ethanol market, what no one expected. Plants that" don't believe in elves with a pot of gold ", as an ethanol trader told me, took advantage of the highly remunerative prices of hydrated and they closed their inventories close to R $ 3,5500 / 3,6000 per liter with taxes (at that time it was equivalent to selling sugar at 14.50 cents per pound, a discount of 100/120 points against NY) ".

"The ethanol buyer has disappeared and the nominal market should have a discount equivalent to 250/300 points against sugar. What caused the sharp drop in prices was the expectation of demand weakened by the mobility restrictions imposed due to the pandemic. world at home, bars, restaurants, closed beaches and the waning of leisure facilities. Without vaccines, there is no way for the economy to take off. And fuel consumption points down, "said the Archer director.

Paulínia Indicator 

According to the Paulínia Daily Indicator, hydrated ethanol registered its seventh consecutive drop on Friday (19), sold at R $ 2,657.50 a cubic meter, against R $ 2,733.00 the previous day, a 2.76% decrease in the comparison between the days. In the month, the indicator has already accumulated a loss of 7.87%.