Shifts in diesel trade flows mean that Brazil now imports diesel from a wider variety of sources
Brazilian diesel imports per origin
US Gulf refineries were Brazil’s main diesel suppliers from 2016 to 2021. But global trade flows have been changing dramatically, partly because of the Russia/Ukraine conflict, and Brazil is now importing the product from other regions, including India, Europe & the Middle East.
Petrobras’ refineries divestment and changes in its pricing policy have attracted new players to the Brazilian diesel market
Petrobras' decision to align its prices with the global market attracted not only international suppliers, but also a host of new domestic players willing to participate in a more open diesel market.
Petrobras’ refineries divestment and changes in its pricing policy have attracted new players to the Brazilian diesel market
Petrobras' decision to align its prices with the global market attracted not only international suppliers, but also a host of new domestic players willing to participate in a more open diesel market.
A dynamic market needs transparency
Wider participation in Brazil’s diesel markets has resulted in increased spot liquidity, especially in the coastal markets that import diesel from overseas. Fully committed to bringing transparency to the Brazilian fuels market, Argus has launched a series of price assessments capturing the product’s value throughout the country’s supply chain.
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Argus dap prices are the best reflection of Brazil’s imported diesel market
Argus dap diesel price evolution
Argus dap South/Southeast and dap North/Northeast prices are based on actual transactions, reported by a diverse group of market participants. They are the best reflection of supply and demand conditions in Brazil’s import markets.
For more information about Argus Motor Fuels coverage in Brazil, please contact us on brasil@argusmedia.com