Ethanol prices go up amid increased demand for hand sanitizer production
March 27, 2020Ethanol prices are expectedly changed as the worldwide pharmaceutical companies are asking more of it to produce more hand sanitizers amid the risen demand due to covid-19 pandemic.
US market saw a slight increase, from 0.€07 to €0.09, according to businessinsider. In Europe, some reports show that pharmaceutical ethanol is already gaining in price due to transportation pricing changes, as the countries are imposing strict border controls and movement policy.
Marketwqatch has also noted on March 10 about large demand for hand sanitizers in an article.
The US FDA also said it will allow more production of hand sanitizers.
Truck drivers wait days at borders, and that is also influencing transportation prices.
WSJ has also wrote about a company quadrupling its production of hand sanitizers.
End users of hand sanitizers might see this change in the upcoming months when the current production reaches shelves.
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