Ethanol Price | Turkey — Q1 2024
Check how the Ethanol price evolved in Turkey, from Q1 2023 to Q1 2024.
The Ethanol price in Turkey decreased during Q1 2024 to 797 USD per metric ton, which represents a considerable decline of 11% compared to the previous quarter’s value. On a year-over-year basis, Ethanol prices in Turkey increased by 27%.
The chart below shows quarterly Ethanol prices, in USD per metric ton in Turkey and other selected countries in Africa & Middle East.
For further information on the pricing of Ethanol, including:
- Current prices, on a monthly basis
- 10-year historical pricing data
- Short-term Price Forecasts
Check below:
▶ https://www.intratec.us/products/energy-price-references/commodity/ethanol-price-turkey
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A Little Bit About Ethanol
Ethanol (a.k.a. Ethyl Alcohol, Bio-Ethanol, EtOH) is one of the simplest alcohols with the molecular formula C2H5OH. Alcohol can be found naturally in many sources, as it is the by-product of anaerobic sugar fermentation. Its use has widened and, nowadays, Ethanol is employed worldwide as a versatile chemical building block due to its unique combination of properties. Since Ethanol generates an azeotropic mixture with water at about 96 vol% of Ethanol, there are two primary bulk forms of Ethanol: hydrous grade (about 95 vol% minimum content) and anhydrous grade (99.5 vol% minimum purity). The last one is obtained after a dehydration step of the first.
Although it varies by country, globally, the major portion of Ethanol production is based on the fermentation of biological products, such as starchy grains (e.g., corn, barley, potato, rice, wheat), sugar crops (e.g., sugarcane, sugar beets), fruit crops (e.g., grapes, apples, and plums), and lignocellulosic materials (e.g., wood chips, corn stover, and grasses). A small percentage of Ethanol production, mainly related to industrial applications, is based on catalytic hydration of ethylene. Such Ethanol is usually referred to as “Chemical Ethanol” or “Synthetic Ethanol.” Ethanol trade usually occurs in the spot market, in which the commodity can be purchased for immediate delivery.
Ethanol is transported in railroad cars, drums, usually the unlined iron type, or in smaller metal or glass containers. If more diligent quality is desired, the containers can be lined with phenolic resin. Ethanol 190 proof and above must be labelled with flammable banners.
The main application of Ethanol is as a vehicle fuel, either alone or in gasoline blends. Anhydrous Ethanol is predominantly used in blends while Hydrous Ethanol is also used alone as a fuel. When used in gasoline blends, Ethanol increases the octane number and allows for more complete combustion. Another application of Ethanol is as an industrial solvent, being widely used since it dissolves both polar and nonpolar compounds. Ethanol is also used in pharmaceuticals, inks, cosmetics, antiseptics and as a chemical intermediate. This commodity can be used in the manufacture of derivatives, such as: acetaldehyde; ethyl acetate; ethylene; butadiene; acetic acid; polyvinyl alcohol; diethyl ether; ethyl acrylate; ethyl tert-butyl ether; ethyl vinyl ether.
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