European T2 ethanol Premium hits 4.5 year high over Eurobob

In the Netherlands, T2 ethanol premium hit a 4.5 year high over Eurobob gasoline prices at  $201.62/cu m thanks to continued tightness in the European ethanol market with Ensus still offline and the slow arrival of ethanol imports. Gasoline prices had been well supported but that cooled off the end of last week due to a shift in arbitrage with the US Atlantic Coast. Despite the higher Premium for ethanol, impact on demand is expected to be minimal.

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