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QSL Market Update

Monday, 02 July 2018

The JUL18 ICE 11 contract expired, with 326,000 tonnes (6519 lots) delivered.

Ethanol parity dropped to below 13 cents, as global sugar supply vs demand pushed down sugar prices and propelled most Brazilian cane towards ethanol production rather than sugar.

On the currency front, the Aussie dollar spent the majority of the week below 74 US cents on the back of the recent tariff tension between the US and China. 

 

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