Ethanol: China's ethanol market dynamics on June 16

The price index of general-grade ethanol was 6000.45 on June 16th, which was stable compared with the previous working day.

The price of ethanol in China rose slightly in the region. Hot spots on June 16: first, Henan excellent prices are stable. Second, prices in East China are stable, with individual quotations rising slightly. Third, the price of Northeast China has increased by 50 yuan / ton. Fourth, the bidding price of ethyl acetate is stable.

Specifically, some factories in Northeast China quoted prices up 50 yuan / ton, Heilongjiang factory limited delivery, Jilin factory order delivery, part of the inventory is high. The price in Henan area is stable, and the downstream rigid demand purchases. Prices in East China are stable, with individual quotations rising slightly. The price of fuel ethanol is stable in the northeast. The price of coal ethanol in a factory is stable. Northeast enterprise Jilin market general grade quotation 6100-6200 yuan / ton. The general grade of Heilongjiang market is 6000-6100 yuan / ton, and the early core customers have low-price contracts. Heilongjiang anhydrous market is 6750-6900 yuan / ton, and Jilin anhydrous market is 6800-7100 yuan / ton. The northeast closed the position at 6300-6400 yuan per ton. The superior enterprises in Central China are quoted at 6420 yuan / ton and the water-free price is 7300 yuan / ton. The price of ethanol in East China is 6350-6400 yuan / ton. The price of anhydrous ethanol is 7100-7200 yuan / ton, and the general price in southern Jiangsu is 6400-6500 yuan / ton. Cassava ethanol 6700-6800 yuan / ton in Guangxi, South China.

& nbsp;                                     unit: yuan / ton

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Future forecast: prices are expected to be stable in the short term. It is expected that the short-term equipment maintenance news of the northeast large factory will be gradually implemented. Some factories of the Heilongjiang large factory will deliver goods in limited quantities. After the previous large order promotion of the Jilin factory, the contract order can be signed, and the order will be delivered. It is expected that the price in Northeast China will be stable in the short term. The inventory of some factories in East China is not high, and some are likely to reduce production or stop for a short time. Prices are expected to be stable.

Raw material: corn ethanol: the price of corn is stable in the sales area, the price of malt in central China is not high, and the willingness of enterprises to purchase malt is increased. The price of wheat rose slightly. The recent wait-and-see mood in the downstream market is strong, and the spot price of soybean meal has rebounded, which to a certain extent stimulated the enthusiasm of the terminal to receive goods, and the goods left after the DDGS price reduction slightly improved. Dry cassava: the price of ethanol in China is weak, the buying atmosphere is not strong, and the price is sorted out.

Supply: northeast start: Dongning shutdown, Baoquanling shutdown, Fuyu Huihai normal, Cofco Zhaodong fuel plant production shutdown, Hongzhan Laha Phase I stop other normal, Heilongjiang Shenglong production; Fukang first line shutdown, Tianyu normal, Shuntong shutdown, Dongfeng Huafeng downtime, Xintianlong production, Liniu downtime. East China Huatian half-load production, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Changxing production, Longhe production, short stop of threonol, Fulaichun continued shutdown, Maibo Huihui shutdown, MINUSTAH production. The production of enterprises in Mengzhou, Henan Province is normal.

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

Logistics: logistics price is stable.

Equipment maintenance table of Chinese ethanol enterprises

Remarks: all estimated downtime and production capacity are subject to the specific downtime of the factory.