Ethanol: China's ethanol market dynamics on July 24

112,714

July 24, 2023, 4:56 PM

The price index of general-grade ethanol was 6198.20 on July 24th, up from-10.3 on the previous working day.

Prices in some regions of China's ethanol market are weak. July 24 hot spots: first, Henan excellent quotation reduced by 10-50 yuan / ton. Second, the main factories in East China and Jiangsu are stable, while small factories are weakening slightly. The quotations of some enterprises in Shandong are weak. Third, prices in Northeast China are stable. Ethyl acetate big factory ethyl ester stop bidding. Fifth, the transaction price of the earth refinery is stable.

Specifically, the price of large factories in Northeast China is stable, there is not much general spot in Heilongjiang area, the delivery of downtime lines, the execution of pre-orders, and the price is stable. Henan Mengzhou premium shipments are weak, prices continue to weaken. Prices in eastern China and Shandong have weakened slightly, the prices of enterprises in the main producing areas of northern Jiangsu have been stable, and the prices of small factories have loosened somewhat. Coal-based ethanol: the output of individual coal-based ethanol has been restored, and the price fluctuates little. The price of fuel ethanol is stable. The price of receiving goods has not changed much. Northeast enterprise Jilin market general grade quotation 6400-6450 yuan / ton. The general grade of Heilongjiang market is 6300-6400 yuan / ton, Heilongjiang anhydrous market is 7050-7100 yuan / ton, and Jilin anhydrous market is 7100-7250 yuan / ton. The northeast closing position is about 6600-6650 yuan / ton. The superior enterprises in Central China offer 6450-6490 yuan / ton, and the water-free price is 7400-7450 yuan / ton. The price of ethanol in East China is 6600-6650 yuan / ton. The price of anhydrous ethanol is 7350-7450 yuan / ton, and the general price in southern Jiangsu is 6750-6800 yuan / ton. Cassava ethanol 6700-6800 yuan / ton in Guangxi, South China.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2023/7/24	2023/7/21	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	7100-7200	7100-7200	0/0
Northeast China	General level	Jilin	6400-6450	6400-6450	0/0
	No water	Jilin	7100-7250	7100-7250	0/0
	General level	Jinzhou	6600-6650	6600-6650	0/0
	General level	Heilongjiang Province	6300-6400	6300-6400	0/0
East China	General level	Anhui Province	6600-6650	6650-6750	-50/-100
	No water	Anhui Province	7300-7350	7300-7400	0/-50
	No water	Shandong			0/0
	General level	Shandong	6500-6650	6650-6700	-150/-50
	Superior grade	Shandong	6900-6900	6900-6900	0/0
	Send it to other places without water.	Shandong	7350-7500	7350-7500	0/0
	General level	Northern Jiangsu	6600-6650	6650-6650	-50/0
	No water	Northern Jiangsu	7350-7450	7350-7450	0/0
	General level	Southern Jiangsu	6750-6800	6750-6800	0/0
Central China	Superior grade	Henan	6450-6490	6500-6500	-50/-10
Central China	No water	Henan	7400-7450	7400-7450	0/0

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2023/7/24	Remarks
Northeast China	Jilin	Corn	2700-2800
Northeast China	Jilin	DDGS	2880-2950
Northeast China	Heilongjiang Province	Corn	2550-2680	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	2800-2890	High fat
Central China	Henan	Corn	2930-2990
Central China	Henan	DDGS	2950
Thailand		Dried cassava	264-267
Shandong		Ethyl acetate	-	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	6450-6550
South China		Ethyl acetate	6600-6650

Future forecast: expected short-term price regional trend, Henan region fell to a low, some regional arbitrage window opened, short-term waiting for market feedback. East China's Jiangsu region is affected by weak downstream demand, and Henan prices are weak to low, which is bad for local shipments, and prices are likely to be weak. The northeast Jilin factory has the maintenance plan, the short-term price is stable, the Heilongjiang big factory line resumes but carries out the early order more, the short-term price is stable.

Raw materials: corn ethanol: corn prices are stable, the current ddgs prices rise, soybean meal prices rise, and ethanol plant maintenance supply reduced good news support. Cassava dry aspect: enterprise rigid demand procurement, Thailand is willing to raise the price is obvious, cassava dry inventory sales are expected short-term cassava dry price high finishing.

Supply: northeast start: Dongning shutdown, Baoquanling shutdown, Fuyu Huihai normal, Cofco Zhaodong plant shutdown, Wanli plant shutdown, Hongzhan Laha phase I resumption, Bayan production, Hongzhan other devices are normal, Heilongjiang Shenglong stops feeding; Fukang device is normal, Tianyu stops feeding, Shuntong stops, Dongfeng Huafang stops, Xintianlong resumes, Liniu stops. Huadong Huatian half-load production, Guannan shutdown, Jin Changlin downtime, Guohua production, Changxing downtime, Longhe shutdown, sul shutdown, Fulaichun shutdown, Maibo Huihui shutdown, MINUSTAH production. The production of enterprises in Mengzhou, Henan Province is normal. Jufeng production. Chifeng Ruiyang production, Zalantun production.

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	Resume around July 10th
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, reduce production on the 21st, full production on July 15th.
Heilongjiang Sheng long	15	15	Shut down on April 27th-start on June 5 and stop feeding on July 19th
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
Zhenjiang Changxing	10	10	All the machines were shut down on May 16, June 5, July 19.
Jin Changlin in Lianyungang	5	5	Shutdown on May 18th
Hongzhang, ha.	60	30	The first phase will be suspended from May 27 to July 20.
Fukang	50	50	The time of maintenance is uncertain.
Tianyu	15	15	The maintenance period will be stopped for 30 days on July 21.
Cofco Zhaodong	30	10	Stop feeding on June 5-shutdown on June 20, July 15
Chifeng Ruiyang	8	8	Shut down on June 10th and feed on July 4th.
Hongzhan Tahiko	30	30	Stop from June 20th to July 5th
Wanli Runda	60	60	The machine was shut down on July 15 for 15-20 days
Lianyungang Longhe River	10	10	The device stopped feeding on July 3.
Jiangsu sul alcohol	12	12	July 3 plant shutdown and feeding
Liaoyuan giant peak	50	50	July 4th production
Zalantun	10	10	The product will be released around July 6th.
Shandong Yingxuan	20	20	The downtime at the end of June is uncertain.