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Ethanol: China's ethanol market dynamics

113,545
May 15, 2023, 4:59 PM

The price index of general-grade ethanol was 6138.25 on May 15th, up from-20 on the previous working day.

China's ethanol market is weak, and the quotations of some enterprises are weak. Hot spots on May 15: first, Henan prices rose 50 yuan / ton over the weekend, and individual enterprises followed suit today. Second, the price of the main factory in East China and Jiangsu Province was lowered by 50 yuan / ton over the weekend, and today it is stable, and 2 devices have stopped feeding. Third, the quotations of large factories in Heilongjiang in Northeast China have been lowered, while those of Jilin Province have been lowered. Fourth, the bidding price of ethyl acetate has been lowered.

Specifically, the transaction price of the northeast Heilongjiang factory is reduced by 50 yuan / ton, the enterprise food production is reduced, the previous order is delivered, and the individual general inventory of Jilin large factory is higher, and the quotation is reduced. The problem of boiler installation in some enterprises in Mengzhou, Henan Province stopped for a short time, and the superior price increased by 50 yuan per ton, followed by individual enterprises. The cost pressure and demand in East China are weak, and the market price continues to weaken, so two enterprises stop feeding materials. Fuel: the price of receiving goods in the region is weaker. Sales of coal-based ethanol increased. As of press time, the general price of Jilin market is 6250-6450 yuan / ton, that of Heilongjiang market is 6100-6200 yuan / ton, and that of anhydrous market is 6900-7100 yuan / ton. The superior enterprises in Central China offer 6550-6600 yuan / ton, and the price of no water is 7400 yuan / ton. The price of ethanol in East China is 6420-6500 yuan / ton. The price of anhydrous ethanol is 7300-7400 yuan / ton, and the general price in southern Jiangsu is 6700-6900 yuan / ton. Cassava ethanol 6700-6800 yuan / ton in Guangxi, South China.

& nbsp;                                     unit: yuan / ton

Area

Specifications

Market

2023/5/15

2023/5/12

Rise and fall

 

South China

Cassava is anhydrous

Guangxi

7450-7500

7450-7500

0/0

 

Molasses 95%

Guangxi

-

-

-

 

Cassava 95%

Guangxi

6700-6800

6700-6800

0/0

 

North China

Superior grade

Hebei

-

-

-

 

No water

Hebei

7300-7400

7300-7400

0/0

 

Northeast China

General level

Jilin

6250-6450

6300-6500

-50/-50

 

No water

Jilin

7050-7250

7100-7250

-50/0

 

General level

Jinzhou

6550-6650

6550-6650

0/0

 

General level

Heilongjiang Province

6100-6200

6150-6300

-50/-100

 

East China

General level

Anhui Province

6450-6550

6450-6550

0/0

 

No water

Anhui Province

7400-7450

7400-7450

0/0

 

No water

Shandong

 

 

0/0

 

General level

Shandong

6550-6600

6550-6600

   0/0

 

Superior grade

Shandong

6700-6900

6700-6900

0/0

 

Send it to other places without water.

Shandong

7600-7650

7600-7650

0/0

 

General level

Northern Jiangsu

6420-6500

6450-6550

-30/-50

 

No water

Northern Jiangsu

7300-7400

7350-7450

-50/-50

 

General level

Southern Jiangsu

6700-6800

6700-6800

0/0

 

Central China

Superior grade

Henan

6600-6550

6550-6550

-50/0

 

No water

Henan

7400-7400

7400-7400

0/0

 

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area

Market

Raw materials / by-products

2023/5/15

Remarks

Northeast China

Jilin

Corn

2580-2630

 

Northeast China

Jilin

DDGS

2650-2720

 

Northeast China

Heilongjiang Province

Corn

2470-2510

 

Northeast China

Heilongjiang Province

DDGS

2600-2700

 

Central China

Henan

Corn

2790-2800

 

Central China

Henan

DDGS

2800-2850

 

Thailand

 

Dried cassava

265-267

 

Shandong

 

Ethyl acetate

6210-6230

Acceptance leaves the factory

Jiangsu Province

 

Ethyl acetate

6350-6400

 

South China

 

Ethyl acetate

6600-6650

 

Future forecast: it is expected that the short-term edible ethanol market weak finishing, northeast order delivery, the overall demand is limited, price weak finishing. Individual Jilin downtime enterprises will resume this week. Yushen coal ethanol shipment, impact part of the fuel delivery. The shutdown of individual devices in Henan is expected to take about 3 days, and it will be stable during the downtime, and the price weakness may be after the supply resumes in the later period. In East China, cost pressure and demand are weaker, prices are weaker, and outages or production cuts are increasing.

Raw materials: corn ethanol: the price of corn is weak, the demand is weak, the market time of new wheat in central China is approaching, the price is weak, and the substitute price is weak and bad for corn price. Cassava dry aspect: cassava dried Thai baht value-added, China's ethanol prices are weak, the buying atmosphere is not strong, prices are weak.

Supply: northeast start: Dongning downtime, Baoquanling production, Fuyu Huihai normal, Cofco Zhaodong plant production, Hongzhan normal, Fukang first line shutdown, Tianyu normal, Shuntong downtime, Dongfeng Huafeng downtime, Xintianlong downtime, Liuniu shutdown, Shenglong downtime. East China Flower Hall production, Guannan shutdown, Jin Changlin stop feeding, Guohua production, Changxing stop feeding, Longhe production, sul production, Fulaichun continued shutdown, Maibo Huihui shutdown, MINUSTAH shutdown. Houyuan shutdown in Mengzhou, Henan Province, other ethanol plants are normal. Yushen can produce products.

Demand: downstream chemical rigid demand procurement. Buy a small amount of liquor.

Logistics: logistics prices are narrowly weak.

Equipment maintenance table of Chinese ethanol enterprises

Enterprise name

Production capacity (10,000 tons / year)

Maintenance involves production capacity

Maintenance start time

Remarks

Heilongjiang Hongzhan (Jixian)

60

60

April fifteenth

Start up on May 6th

Jilin Fukang

50

4

March 28th

 

Heilongjiang Hexing grain and oil

3

3

Late March

 

Inner Mongolia Shuntong

12

12

Stop the machine

 

Heilongjiang Zhongke Green

10

10

Stop the machine

 

Fulaichun, Shandong Province

20

20

Stop the machine

 

Jiangsu Dongcheng

15

15

Stop the machine

 

Guannan COVID-19, Lianyungang

5

5

Stop the machine

 

Jiangsu Haiyan

15

15

Stop the machine

 

Jiangsu Maibo remittance

8

8

Stop feeding at the beginning of April

 

Shuyang Kant

5

5

Stop the machine

 

Anhui COFCO

75

30

Production

The material has been put in on April 20th.

Anhui Wuhechun

8

8

Stop the machine

 

Jilin Xintianlong

30

30

Maintenance schedule for May 5

 

Heilongjiang Sheng long

15

15

Shut down on April 27th

 

Inner Mongolia Liniu

10

10

Stop the machine

 

Hanyong, Mengzhou, Henan Province

30

30

One-line production

 

Houyuan, Mengzhou, Henan Province

50

50

Normal

 

Jilin Dongfeng Hua Grain

10

10

Stop feeding on April 17th

 

National Investment Helen

30

30

April 12th

Fuel fuel

Guotou Jidong

30

30

April 3rd

Fuel fuel

Liaoyuan giant peak

50

50

There is expected to be a boot plan in May.

 

Zhenjiang Changxing

10

10

All machines were shut down on May 16th.

 

Jin Changlin in Lianyungang

5

5

The feeding has been stopped at present.