[Ethanol Daily Review] China's ethanol market trends on September 4

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September 4, 2023, 4:48 PM

The price index of general-grade ethanol was 6351.1 on Sept. 4, compared with the previous working day.

The price of ethanol in China fluctuates slightly. Hot spots on September 4: first, Henan enterprises fluctuated slightly. Second, prices in East China are stable. Third, the price of Heilongjiang in Northeast China has increased by 50 yuan per ton. Fourth, the bidding price of ethyl acetate is stable. Fifth, the purchase price of refineries in the region has increased. Sixth, the price of ddgs has dropped.

Specifically, the northeast Heilongjiang food quotation of 50 yuan / ton, large factories limited shipment. As of press time, the price in Jilin area has not been released. Henan weekend narrow fluctuations, enterprise production load is not high, and because the early Sichuan car return pick-up inventory is not high, the price trend is stable. With the delivery of orders in East China, the output of individual factories has increased and the price has been kept stable. The price of fermented fuel ethanol is stable and the order is delivered. The transaction price of coal-based ethanol is better, and the premium rises. The purchasing price of refineries in the region has risen. Last week, Jilin, an enterprise in Northeast China, quoted a price of 6450-6500 yuan per ton in general market and 7150-7400 yuan per ton without water in Jilin. On Monday, the general grade of Heilongjiang market is 6450-6550 yuan / ton, the previous contract is not high, and the waterless market of Heilongjiang is 7150-7300 yuan / ton. The northeast closing position is about 6700-6850 yuan / ton. The superior enterprises in Central China offer 6700-6720 yuan / ton, and the water-free price is 7450-7500 yuan / ton. The price of ethanol in East China is 6850-6900 yuan / ton. The price of anhydrous ethanol is 7600-7700 yuan / ton, and the general price in southern Jiangsu is 7000-7150 yuan / ton. Cassava ethanol 7100-7200 yuan / ton in Guangxi, South China.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2023/9/4	2023/9/1	Rise and fall
South China	Cassava is anhydrous	Guangxi	7900-7950	7900-7950	0/0
	Molasses 95%	Guangxi	-	-	-
	Cassava 95%	Guangxi	7100-7200	7100-7200	0/0
North China	Superior grade	Hebei	-	-	-
North China	No water	Hebei	7300-7350	7200-7250	+100/+100
Northeast China	General level	Jilin	6450-6500	6450-6500	0/0
	No water	Jilin	7150-7400	7150-7400	0/0
	General level	Jinzhou	6700-6800	6700-6800	0/0
	General level	Heilongjiang Province	6450-6550	6400-6500	+50/+50
East China	General level	Anhui Province	6750-6850	6750-6850	0/0
	No water	Anhui Province	7550-7650	7550-7650	0/0
	No water	Shandong	7600-7650	7600-7650	0/0
	General level	Shandong	6800-6850	6800-6850	0/0
	Superior grade	Shandong	6950-7150	6950-7150	0/0
	Send it to other places without water.	Shandong	7500-7650	7500-7650	0/0
	General level	Northern Jiangsu	6850-6900	6850-6900	0/0
	No water	Northern Jiangsu	7600-7700	7600-7700	0/0
	General level	Southern Jiangsu	7000-7150	7000-7150	0/0
Central China	Superior grade	Henan	6700-6720	6700-6700	0/+20
Central China	No water	Henan	7450-7500	7450-7500	0/0

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2023/9/4	Remarks
Northeast China	Jilin	Corn	2750-2800
Northeast China	Jilin	DDGS	3100-3100
Northeast China	Heilongjiang Province	Corn	2650-2700	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	3000-3170	High fat
Central China	Henan	Corn	2940-3040
Central China	Henan	DDGS	2950-3050
Thailand		Dried cassava	280-285
Shandong		Ethyl acetate	6800-6820	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	7000-7050
South China		Ethyl acetate	7100-7150

Future forecast: ethanol prices in China are expected to be strong in the short term. Northeast big factory limited delivery, Jilin big factory start-up time is not long, the price will obviously have the possibility of rising. In Henan area, there is the possibility of increasing the quantity of raw materials in the middle of the period, the cost is expected to decline, the double section is close to the price rigid demand for liquor procurement, the load of individual factories may be increased, and the price game. The supply in East China is increasing, the cost is high and fluctuating, and the purchase volume of downstream chemicals is limited this week, and short-term prices are expected to move steadily.

Raw materials: corn ethanol: high price finishing, corn prices in central China are about to rise, negative corn price trend. At present, after the price of ddgs rises to a high level, downstream for the purchase of high-level raw materials. 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 normal, Wanli installation normal, Hongzhan 4 factories normal, Heilongjiang Shenglong shutdown, Zhongkegreen feeding, Fuyu Huihai downtime; Fukang device shutdown, Tianyu production, Shuntong downtime, Dongfeng Huafang downtime, Xintianlong normal, Liuniu downtime. East China Flower Hall half-load production, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Changxing production, Longhe production, Romat production, 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 is normal, Guotou Tieling production. Tianguan Nanyang 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 downtime in mid-August around July 10
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 machines were shut down on May 16, June 5, July 19, August 28.
Jin Changlin in Lianyungang	5	5	Shutdown on May 18, production on August 7, shutdown around August 15.
Hongzhang, ha.	60	30	The first phase will be suspended from May 27 to July 20.
Fukang	50	50	Feed from August 10 to August 31
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, August 21.
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	The two lines will be inspected from 31 July to 20 August.
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
Romet.	5	5	August 18 put into production
Fuyu Huihai	5	5	Downtime in mid-August
China Colleen	10	10	Feeding starts on August 22nd
Guotou Jidong	30	30	Feed in early September