Crude oil weakness policy stimulus is the only way out

Fuel ethanol: The sharp drop in crude oil prices dragged down ethanol prices and hit a record low, and ethanol producers fell into losses again. Declining production but inventory growth showed weak US ethanol consumption. The sales price of ethanol in the Sao Paulo region of Brazil rose for three consecutive weeks in January and fell for four consecutive weeks in February. The sugar-to-alcohol ratio in the next season is still difficult to determine. The Brazilian currency, the Real, continues to depreciate, and the depreciation process has accelerated since February. The continued depreciation of the Real has made Brazil's ethanol competitiveness significantly increase, and there will be variables in the future ethanol export market.

Biodiesel: Crude oil prices are low, and biodiesel premiums compared to diesel will reduce active demand. Low-priced crude oil can only keep biodiesel prices low, biodiesel production profits decline, and global biodiesel production is expected to decline for the first time in 2015. In 2015, the biodiesel industry can only expect national policy stimulus, especially the United States, The impact of Indonesian and Argentine biodiesel policies on the market outlook.

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