Vessel Loads Rotterdam Ethanol for Export to UAE: Sources
(Platts) Chemical tanker Bochem Oslo is preparing to load a substantial volume of ethanol from Rotterdam before heading to Fujairah, in the United Arab Emirates, as multi-year low European prices beat competition from the US and Brazil, market sources said Thursday.
European ethanol trading sources said that one or more parcels topping 25,000 cubic meters (94.5 million gallons) could be loaded on Bochem Oslo for discharge in the Middle East, a key ethanol importer from the US.
A slump in European prices caused by excessive inventory and lackluster consumption in the 28-nation single market turned suppliers focus to Rotterdam in search of better returns. READ MORE and MORE