[Ethanol Daily Review]: China's ethanol market trends on August 16

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August 16, 2023, 4:45 PM

The price index of general-grade ethanol was 6226.00 on August 16th, up from-12.25 on the previous working day.

Henan premium prices in China's ethanol market are weak, while others are stable. Hot spots on August 16: first, Henan excellent grade was lowered by 50-70 yuan per ton. Second, the price of ethanol in East China is stable. Third, the price of ethanol in Northeast China is stable. Fourth, the bidding price of ethyl acetate has increased. Fifth, the price of coal-based ethanol is weak.

Specifically, the northeast Heilongjiang factory food limited delivery, the price is stable. Jilin individual enterprise quotation with the rise, other stable, order delivery. Henan premium prices are weaker, the number of vehicles in front of enterprises is reduced, and the market wait-and-see mood is higher. The quotations of enterprises in East China are stable, and large orders of individual small factories can be negotiated. The price of fermented fuel ethanol is stable and the order is delivered. A large deal of coal-based ethanol can be negotiated. The price of the geological refinery transaction is weak. Northeast enterprise Jilin market price 6450-6500 yuan / ton, Jilin no water 7050-7300 yuan / ton. The general grade of Heilongjiang market is 6250-6400 yuan / ton, and the Heilongjiang anhydrous market is 7000-7100 yuan / ton. The northeast closing position is about 6600-6700 yuan / ton. The superior enterprises in Central China offer 6600-6620 yuan / ton, and the water-free price is 7400-7450 yuan / ton. The price of ethanol in East China is 6650-6700 yuan / ton. The price of anhydrous ethanol is 7450-7550 yuan / ton, and the general price in southern Jiangsu is 6800-6900 yuan / ton. Cassava ethanol 6700-6900 yuan / ton in Guangxi, South China.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2023/8/16	2023/8/15	Rise and fall
South China	Cassava is anhydrous	Guangxi	7650-7700	7650-7700	0/0
	Molasses 95%	Guangxi	-	-	-
	Cassava 95%	Guangxi	6700-6900	6700-6900	0/0
North China	Superior grade	Hebei	-	-	-
North China	No water	Hebei	7200-7200	7200-7200	0/0
Northeast China	General level	Jilin	6450-6500	6450-6500	0/0
	No water	Jilin	7050-7300	7050-7300	0/0
	General level	Jinzhou	6600-6700	6600-6700	0/0
	General level	Heilongjiang Province	6300-6400	6300-6400	0/0
East China	General level	Anhui Province	6700-6850	6700-6850	0/0
	No water	Anhui Province	7500-7600	7500-7600	0/0
	No water	Shandong	7500-7600	7500-7600	0/0
	General level	Shandong	6650-6700	6650-6700	0/0
	Superior grade	Shandong	6900-6900	6900-6900	0/0
	Send it to other places without water.	Shandong	7450-7600	7450-7600	0/0
	General level	Northern Jiangsu	6650-6700	6650-6700	0/0
	No water	Northern Jiangsu	7450-7550	7450-7550	0/0
	General level	Southern Jiangsu	6800-6900	6800-6900	0/0
Central China	Superior grade	Henan	6600-6620	6650-6700	-50/-80
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	2023/8/16	Remarks
Northeast China	Jilin	Corn	2750-2800
Northeast China	Jilin	DDGS	2960-3050
Northeast China	Heilongjiang Province	Corn	2650-2700	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	2900-3050	High fat
Central China	Henan	Corn	2940-3020
Central China	Henan	DDGS	2900-3000
Thailand		Dried cassava	272-275
Shandong		Ethyl acetate	6400-6420	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	6450-6500
South China		Ethyl acetate	6700-6750

Future forecast: the short-term price is expected to be strong, order delivery in Northeast China, limited delivery by large factories, and maintenance of Fukang equipment, supporting strong prices. The wait-and-see mood in the lower reaches of Henan increases, if the purchase volume increases, the price stops falling, and if the wait-and-see price continues to fall, it may fall further, but the decline will lead to a short-term rebound in some demand prices. East China market spot is not much, short-term start-up increased, but the current order execution, just start-up enterprises have no inventory, short-term price stable trend. Fermented fuel order delivery support, large factories control the impact of shipments, price stability. The demand for coal-based ethanol is weak in the near future, so it is possible to sort out weakly.

Raw materials: corn ethanol: sales area prices are stable, Shandong part of the decline, the current ddgs prices rise parallel products to maintain a high shock, increased demand for pigs, 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 food feeding production, Wanli device normal, Hongzhan 4 factories normal, Heilongjiang Shenglong shutdown; Fukang device shutdown, Tianyu feeding production, Shuntong shutdown, Dongfeng Huafeng downtime, Xintianlong normal, Liniu shutdown. East China Huatian half-load production, Guannan shutdown, Jin Changlin production, Guohua production, Changxing downtime, Longhe shutdown, sul shutdown, Fulaichun shutdown, Maibo Huihui shutdown, MINUSTAH production. The installation in Mengzhou, Henan Province is normal. Jufeng shuts down. Chifeng Ruiyang production, Zalantun production. Jilin fuel rotation inspection, Guotou Tieling production. Tianguan Nanyang feeding production.

Demand: downstream chemical rigid demand procurement. Liquor order purchase.

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	Production was stopped on May 18th and August 7th.
Hongzhang, ha.	60	30	The first phase will be suspended from May 27 to July 20.
Fukang	50	50	Stop feeding on August 10th
Tianyu	15	15	Stop feeding on July 21 and feed on August 13
Cofco Zhaodong	30	10	Stop feeding on June 5-June 20, July 15 stop fuel production on July 31, feed on August 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	Shutdown on July 15th and feeding on July 31st
Lianyungang Longhe River	10	10	The device stopped feeding on July 3.
Jiangsu sul alcohol	12	12	The device was shut down on July 3
Liaoyuan giant peak	50	50	Production stopped on July 4th and August 1st.
Zalantun	10	10	The product will be released around July 6th.
Shandong Yingxuan	20	20	Shut down at the end of June and put in material on July 25.
Jilin fuel	70	70	Two-line rotation inspection on July 31
Guotou Tieling	30	30	The machine was shut down on July 31 for maintenance and put in the material on August 10.
Henan Nanyang Tianguan	30	30	August 15 put into production