Ethanol: China's ethanol market trends on May 24

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May 24, 2023, 4:49 PM

The price index of general-grade ethanol was 6072.55 on May 24th, unchanged from the previous working day.

The price of ethanol in China is stable. Hot spots on May 24: first, prices in Henan are stable. Second, the quotations of enterprises in East China are stable. Third, prices in Northeast China have been kept stable and individual fuels have been put into production. Fourth, the bidding price of ethyl acetate is stable.

Specifically, the price in Northeast China is stable today, and the current price is slightly lower than the previous price in Jilin. The price in Henan is stable and the order is delivered. The quotations of East China enterprises are stable and the chemical industry is purchased sporadically. The price of fuel ethanol weakened slightly. The price of coal-based ethanol is stable, but the transaction is limited today. Northeast enterprise Jilin market general grade quotation 6200-6450 yuan / ton. Heilongjiang market general grade 6000-6200 yuan / ton, terminal delivery price is low, anhydrous market 6900-7000 yuan / ton. The superior enterprises in Central China offer 6550-6600 yuan / ton, and the water-free price is 7300-7400 yuan / ton. The price of ethanol in East China is 6400-6500 yuan / ton. The price of anhydrous ethanol is 7250-7350 yuan / ton, and the general price in southern Jiangsu is 6550-6750 yuan / ton. Cassava ethanol 6700-6800 yuan / ton in Guangxi, South China.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2023/5/24	2023/5/23	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	-	-	-
North China	No water	Hebei	7300-7400	7300-7400	0/0
Northeast China	General level	Jilin	6200-6300	6200-6450	0/-150
	No water	Jilin	7050-7200	7050-7200	0/0
	General level	Jinzhou	6400-6500	6400-6500	0/0
	General level	Heilongjiang Province	6000-6200	6000-6200	0/0
East China	General level	Anhui Province	6400-6550	6400-6550	0/0
	No water	Anhui Province	7300-3400	7300-3400	0/0
	No water	Shandong			0/0
	General level	Shandong	6450-6500	6450-6500	0/0
	Superior grade	Shandong	6700-6900	6700-6900	0/0
	Send it to other places without water.	Shandong	7350-7500	7350-7500	0/0
	General level	Northern Jiangsu	6400-6500	6400-6500	0/0
	No water	Northern Jiangsu	7250-7350	7250-7350	0/0
	General level	Southern Jiangsu	6600-6750	6600-6750	0/0
Central China	Superior grade	Henan	6550-6560	6550-6560	0/0
Central China	No water	Henan	7300-7400	7300-7400	0/0

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2023/5/24	Remarks
Northeast China	Jilin	Corn	2540-2630
Northeast China	Jilin	DDGS	2650-2720
Northeast China	Heilongjiang Province	Corn	2400-2510
Northeast China	Heilongjiang Province	DDGS	2550-2650
Central China	Henan	Corn	2790-2850
Central China	Henan	DDGS	2800-2840
Thailand		Dried cassava	260-265
Shandong		Ethyl acetate	6300-6320
Jiangsu Province		Ethyl acetate	6450-6470
South China		Ethyl acetate	6500-6550

Future forecast: expected short-term price range consolidation. The cost support is limited, the short-term quotation of ethanol enterprises is stable, the order is general, the downstream chemical industry is expected to purchase in the short term, and the transaction price is likely to be weak on a closing day. With the increase in fuel supply, there is a possibility of weakness in the short term.

Raw material: corn ethanol: the price of corn is stable and the price of new wheat in central China has rebounded. Dry cassava: the price of ethanol in China is weak, the buying atmosphere is not strong, and the price is 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 production, Liuniu shutdown, Shenglong downtime. Huadong Huatian production, Guannan shutdown, Jin Changlin downtime, Guohua shutdown, Changxing downtime, Longhe production, sul production, Fulaichun continued downtime, Maibo Huihui shutdown, HIH production. The production of enterprises in Mengzhou, Henan Province is normal. The yield of Yu Shenneng is normal.

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

Logistics: logistics prices are arranged in a narrow range.

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	Start up in the middle of May
Jiangsu Maibo remittance	8	8	Stop feeding at the beginning of April
Shuyang Guohua	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	Shut down on May 5th and start on May 17th
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	Open on May 21
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	Shutdown on May 18th