Ethanol: China's ethanol market was narrowed on September 10

On September 10, the general ethanol price index was 5,782.3, an increase of 8.6 from the previous working day and an increase of 0.15% month-on-month.

China's ethanol market today. Hot spots on September 10:1. The Northeast region is organized in a narrow manner. 2. Stabilize prices in East China. 3. Consolidating the weaknesses in Central China. 4. The market price of ethyl acetate in China has increased within a narrow range. Major factories in Shandong have bid for sales, and the starting price has increased. The supply side has been boosted, and downstream procurement enthusiasm is still acceptable.

Specifically, the Northeast region has been organized within a narrow range, and market prices have risen slightly. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,550 - 5,650 yuan/ton, and the low-end price is increased by 20 yuan/ton compared with the previous working day. The price of waterless is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: The general price is 5,400 - 5,500 yuan/ton, which is 50 yuan/ton higher than the previous working day. The price of waterless is 6,100 - 6,200 yuan/ton. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. Prices in East China have stabilized and consolidated, while prices in northern Jiangsu have fluctuated within a narrow range. Reference price in northern Jiangsu: general price 5850 yuan/ton, waterless reference price 6,550 - 6,700 yuan/ton, Anhui reference price: general price 5850- 5,900 yuan/ton, waterless price 6650 yuan/ton. Reference price in southern Jiangsu: general price is 6000 yuan/ton. Shandong reference price: The general reference price is 5,730 - 5,800 yuan/ton. Central China is weak and consolidated, and downstream terminals are purchased on demand. Today's reference price in Henan: The premium reference price is 5850 yuan/ton, which is 30 yuan/ton lower than the previous working day. The reference for anhydrous ethanol is 6650 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to stabilize prices in the short term. In terms of edible ethanol: Based on the current low level of construction, downstream terminals are purchased on demand, and as the two festivals are approaching, stocking has started. The Northeast region will be adjusted first, and other regions may follow suit. In terms of coal-to-ethanol: Market prices are volatile and operating strongly. In terms of anhydrous ethanol: Recently, the supply in waterless fields has maintained a tight balance, with downstream procurement mainly on demand, and the holders still have the intention to increase prices. Fuel ethanol: The operation is stabilizing, and there is a strong wait-and-see attitude on the market, but it is still affected by the supply of low-cost coal on the market.

Raw materials:Corn market prices are weak and downward. Affected by the sharp drop in futures prices and the listing of corn in the new season in Northeast China, corn market prices were weak and volatile. DDGS prices have been steadily adjusted, some alcohol factories have implemented pre-contract, and terminal downstream users have purchased on demand. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:One line of Huaxing plant in Mengzhou, Henan Province is in operation, Jilin Xintianlong has returned to normal, SDIC Yushu has been put into operation; Anhui COFCO fuel has been shut down, SDIC Tieling may have planned to shut down, Meihekou Fukang Line 3 has been shut down, and other devices have no significant fluctuations.

Requirements:whiteDemand for wine continues to be weak, and downstream chemical companies just need to replenish their warehouses.

Logistics:Freight prices remain stable.