South Korea's May ethanol imports fall 5% on month to 29,020 mt


South Korea's total ethanol imports fell 4.89% month on month to 29,020 mt in May, data released Thursday by the Korea Customs Service showed. Ethanol imports in May were, however, 0.20% or 58.42 mt higher year on year.

The import volume of undenatured ethanol fell 27.01% month on month to 9,711 mt in May. Australia was the biggest supplier of undenatured ethanol during the month, accounting for 41.63%, and Pakistan followed at 27.59%. Cambodia was in third place, exporting 24.59% to South Korea.

There were almost no imports from Brazil in May, as it was the intercrop season in the country. The first cargoes from the new crop in Brazil will arrive in Northeast Asia in the third quarter, market sources said.

Australia has been the biggest supplier of undenatured ethanol to South Korea so far this year, accounting for 47.37% of the total 55,905 mt of undenatured ethanol imported by South Korea since January 2018.

Cambodia was the second largest supplier, with 23.60% and Pakistan was a close third at 20.57%.

As for denatured ethanol, South Korea's imports rose 12.22% month on month to 19,309 mt in May, of which 88.21% came from the US.

On the export front, South Korea's total ethanol outflow rose more than 2.5 times month on month to 4,023 mt in May.

Japan remains the biggest export destination for undenatured ethanol in May at 4,022 mt, accounting for almost 100% of South Korea's ethanol exports.

The total denatured ethanol export was only 1 mt in May, down from 17 mt in April.


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