Asian biofuels prices rise as Middle East tensions stoke supply concerns

Asian biofuels prices rose March 2 due to concerns about supply disruption stemming from geopolitical tensions in the Middle East. Ethanol Platts, part of S&P Global Energy, assessed Asian fuel-grade ethanol up $8/cubic meter to $607/cubic meter CIF Philippines on March 2, while industrial-grade B increased $5/cubic meter to $620/cubic meter CFR Ulsan. Market participants said it was too early toAsian biofuels prices rose March 2 due to concerns about supply disruption stemming from geopolitical tensions in the Middle East. Ethanol Platts, part of S&P Global Energy, assessed Asian fuel-grade ethanol up $8/cubic meter to $607/cubic meter CIF Philippines on March 2, while industrial-grade B increased $5/cubic meter to $620/cubic meter CFR Ulsan. Market participants said it was too early toRead More