Ethanol: China's ethanol market dynamics on June 25

On June 25th, the price index of general grade ethanol was 6005.95, which was + 1.6 compared with the previous working day.

The price of ethanol in China has moved steadily, with the premium price in Henan falling slightly on Saturday, the low-end price in Jiangsu, and the price in the northeast waiting for Monday. Hot spots on June 25: first, Henan premium prices fell slightly by 30 yuan per ton, with no water reduced by 50 yuan per ton. Second, the price in East China is stable, and the downstream chemical industry is in rigid demand. Third, the northeast quotation is stable and the order is delivered. Fourth, the bidding price of ethyl acetate is stable. Fifth, the operating rate of coal-based ethanol is low, and some of the devices are unstable. The price of ddgs has gone up.

Specifically, the price of the northeast factory is stable, the order is delivered, and the stock arrangement of some enterprises is obvious. The premium price in Henan has been reduced by 30 yuan per ton, on the one hand, the recent shipment is weak, on the other hand, some enterprises return funds to purchase raw materials. The price quotation in East China is stable, the supply of general-level goods is not high, the prices of enterprises are not high, the prices of some enterprises do not have much supply, and the prices of downstream chemicals are purchased with rigid demand, and the transaction price is expected to rise compared with the previous trading day. The equipment of coal-based ethanol is unstable and the price is stable. Northeast enterprise Jilin market general quotation 6100-6200 yuan / ton, large unit price is low, waiting for the new price of the big factory to land on Monday. Heilongjiang market general grade 6000-6100 yuan / ton, large single low price, Heilongjiang anhydrous market 6750-6900 yuan / ton, Jilin anhydrous 6900-7100 yuan / ton. The northeast closing position is about 6300 yuan / ton for negotiation. The superior enterprises in Central China are quoted at 6370 yuan / ton and the water-free price is 7250 yuan / ton. The price of ethanol in East China is 6400 yuan / ton. The price of anhydrous ethanol is 7150-7250 yuan / ton, and the general price in southern Jiangsu is 6550 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: the regional trend of ethanol in China is expected, the row of large factories in Northeast China is obvious, the plant maintenance plan is supported, and the price is expected to be stable or fluctuate slightly. There is no advantage for the current prices in Henan to be sent to Shandong and East China, and there is still room for downward price if this window is opened. East China short-term spot is low, there are enterprises are about to shut down, downstream rigid demand procurement short-term price stability or interval adjustment.

Raw materials: corn ethanol: corn price sales area price stability, large factory ddgs inventory reduction, soybean meal price rise, as well as enterprise equipment maintenance news release, downstream stock positive price pull up. 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 and food production, Hongzhan Laha Phase I stop, Bayan stop feeding, Heilongjiang Shenglong production; Fukang first line shutdown, Tianyu normal, Shuntong shutdown, Dongfeng Huafeng downtime, Xintianlong production reduction, Liniu downtime. East China Flower Hall half-load production, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Changxing production, Longhe production, sul shutdown, Fulaichun continued shutdown, Maybohui 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.