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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (6280)5/11/2006 3:52:51 PM
From: elmatador  Respond to of 220194
 
Brazilian ethanol market excited by possible US tariff
Thursday, May 11, 2006, 1:27 PM

ELMAT: Just cut the tariff. We'l solve the problem :-)

by Lane McConnell

Talk from traders on Brazil’s ethanol market about a potential reduction in United States ethanol import tariff has driven local ethanol futures up on speculation. In addition, local ethanol prices have stabilized somewhat, even with growing supplies of the cane based biofuel from the new 2006 – 2007 harvest entering the market.

"The big news this week is that all the millers are now waiting for a possible reduction in the U.S. ethanol import tax," said Luis Gustavo Junqueira Figueiredo, in a story from the Dow Jones Newswire. "Though the volume of exports shouldn't change significantly, millers expect that this could help stop prices on the domestic market from falling under 1 Brazilian real per liter, and that might also push up ethanol export prices, maybe to $550 or even $600 (per cubic meter)."

A 54 cent per gallon duty is imposed by the U.S. on direct ethanol imports, but there are bills that have been introduced to the U.S. Congress to lower that tariff. The bills have been created to combat the rising gasoline prices and President George is also supportive of a tariff reduction.

According to wire reports, due to that recent news the prices for both anhydrous and hydrous ethanol at the Sao Paulo mill gate reversed a downward trend and stayed level this week.
Other traders have been reported as saying that a temporary jump in ethanol prices by three and four percent this week compared to last week.
The June contract on Wednesday closed at BRL1020 ($498) per cubic meter, up 5.2 percent from the BRL969.17 ($468) close a week ago, while the August contract rose 2.8 percent to BRL1028 ($501).

Already the U.S. has imported 306 million liters of ethanol from Brazil in 2006, according to data from the Agricultural Ministry.

Brazil is the world's number two ethanol producer after the U.S., but the number one ethanol exporter.



To: Maurice Winn who wrote (6280)5/11/2006 8:38:48 PM
From: Slagle  Read Replies (1) | Respond to of 220194
 
Maurice,
You are right about the lead. Are there big differences in diesel formulations in different parts of the world? Diesel exhaust has a different smell in third world places. It is a bit stronger smelling, reminds me of the smell that farm tractor exhaust had here in the US maybe 40 years ago. Really, I kinda like it. <grin>

Speaking of smells, if you just follow your nose the third world is full of trips down memory lane in the smell department, and I'm speaking of strong chemical smells, not the ever present and often overpowering organic smells you get there. Often you get a whiff of the truly lovely sweet aromatic smell of DDT. And unmistakable stuff like chlordane that has been banned here for decades. Also strong ketone solvents in the paints and varnishes and chemical wetting agents that you never find outside an industrial environment. Sometimes you will be walking down a street and all of a sudden there lingering in the breeze is the hint of something chemical but long forgotten, most likely banned in 1970 by the EPA or NOISH.

You mentioned in another post that you are leaving for a vacation next week? Me too. Headed for the Philippines for a spell and I am afraid the internet cafe in the place we're going is kaput. Oh well, see you when you return. And happy travels!
Slagle