Ethanol: China's ethanol market dynamics on June 28

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June 28, 2023, 4:57 PM

The price index of general-grade ethanol was 6015.50 on June 28th, which was stable compared with the previous working day.

The price of ethanol in China is stable, the price in East China and Northern Jiangsu rose 50 yuan / ton yesterday, the other is stable, the market is expected to reduce supply, and the positive mentality is increased. June 28 hot spot: first, East China quotation rose 50 yuan / ton yesterday. Second, prices in Henan are stable. Third, the price in Northeast China is stable. Fourth, the bidding price of ethyl acetate has increased. Fifth, the purchase price of chemical industry has risen sharply.

Specifically, the northeast region quotation is stable, Jilin region has more early contracts, under the premise of planned downtime, a limited number of contracts are signed. Prices in Henan are stable and cross-regional arbitrage is open. East China quotation rose 50 yuan / ton yesterday, enterprises do not have much spot, chemical rigid demand procurement, sent to the price rise. Northeast enterprise Jilin market general grade quotation 6150-6250 yuan / ton. The general grade of Heilongjiang market is 6050-6150 yuan / ton, Heilongjiang anhydrous market is 6850-6900 yuan / ton, and Jilin anhydrous market is 6950-7200 yuan / ton. The northeast closing position is about 6300 yuan / ton for negotiation. The superior enterprises in Central China offer 6330-6370 yuan / ton, and the price of no water is 7250 yuan / ton. The price of ethanol in East China is 6400-6450 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

Area	Specifications	Market	2023/6/28	2023/6/27	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	6900-7150	6900-7150	0/0
Northeast China	General level	Jilin	6150-6250	6150-6250	0/0
	No water	Jilin	6950-7200	6950-7200	0/0
	General level	Jinzhou	6300-6300	6300-6300	0/0
	General level	Heilongjiang Province	6050-6150	6050-6150	0/0
East China	General level	Anhui Province	6450-6500	6450-6500	0/0
	No water	Anhui Province	7200-7300	7200-7300	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	-	-	0/0
	General level	Northern Jiangsu	6400-6450	6400-6450	0/0
	No water	Northern Jiangsu	7200-7300	7150-7250	+50/+50
	General level	Southern Jiangsu	6550-6600	6550-6600	0/0
Central China	Superior grade	Henan	6330-6370	6330-6370	0/0
Central China	No water	Henan	7250-7250	7250-7250	0/0

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2023/6/28	Remarks
Northeast China	Jilin	Corn	2600-2650
Northeast China	Jilin	DDGS	2600-2650
Northeast China	Heilongjiang Province	Corn	2500-2600	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	2550-2630
Central China	Henan	Corn	2830-2850
Central China	Henan	DDGS	2780-2800
Thailand		Dried cassava	258-260
Shandong		Ethyl acetate	6000-6030	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	6100-6100
South China		Ethyl acetate	6300-6350

Future forecast: ethanol in China is expected to fluctuate slightly, the spot in Northeast China is limited, order delivery, maintenance is imminent, and the price is strong. After the individual downward adjustment in Henan area, the cross-regional window opens, shipments increase, and prices are likely to rebound. There is not much short-term spot in East China, chemical rigid demand procurement, recent enterprises are about to shut down, northeast price rise support sent to price rise, downstream rigid demand procurement in East China has the possibility of increase.

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 not high, the buying atmosphere is not strong, and the price is arranged.

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 alcohol production, 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

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	The material has been put in on April 20th.
Anhui Wuhechun	8	8	Stop the machine
Jilin Xintianlong	30	30	Shut down on May 5, start on the 17th, and reduce production on the 21st.
Heilongjiang Sheng long	15	15	Shut down on April 27th-start on June 5th
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 12-May 24	Fuel fuel
Guotou Jidong	30	30	April 3rd	Fuel fuel
Liaoyuan giant peak	50	50
Zhenjiang Changxing	10	10	All machines were shut down on May 16th and put in materials on June 5th.
Jin Changlin in Lianyungang	5	5	Shutdown on May 18th
Hongzhang, ha.	60	30	The first phase will be stopped on May 27 until the time is uncertain.
Fukang	50	50	The material will be cut off on July 20 and the whole line will be overhauled for a month.
Tianyu	15	15	On July 6, materials are suspended for overhaul for one month.
Cofco Zhaodong	30	10	Stop feeding on June 5-June 20
Chifeng Ruiyang	8	8	Downtime on June 10th
Hongzhan Tahiko	30	30	It is expected to stop feeding for 20 days on June 20.
Wanli Runda	60	60	The outage is expected to last 20 days in July.