Since the start of the Covid-19 crisis in March 2020, the ethanol market in Europe hasn’t been functioning properly anymore. The abrupt lack in supply lead to a huge price range on the market, particularly customers with additional or new short-term demand were forced to accept huge markups.
In the first quarter of 2021, a clear normalization of the market situation could be noticed. With the recovery of the supply situation, the price dispersion narrowed to an almost usual extent.