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[Ethanol Daily Review]: China's ethanol market trends on September 27

90,127
September 27, 2023, 5:07 PM

On September 27th, the general-grade ethanol price index was 6579.25, which was stable compared with the previous working day.

 

The price of ethanol in China is stable. Hot spots on September 27: first, the price in Henan is flat. Second, the price of excellent and high-grade anhydrous in East China has increased by 50 yuan per ton. Third, the price trend in Northeast China is stable. Fourth, the bidding price of ethyl acetate is weak. Fifth, the freight rate is moving steadily. Sixth, the transaction premium of coal-based ethanol increased slightly.

Specifically, prices in Northeast China remain stable and orders are delivered. The price in Henan is stable, the order is delivered, and the enterprise inventory is not high. The prices of enterprises in East China are superior and anhydrous prices are rising, orders are delivered before the chemical festival, and replenishment before the festival is basically over. The premium of coal-based ethanol increased slightly. Northeast enterprise Jilin market price 6700-6800 yuan / ton, Jilin no water 7350-7600 yuan / ton. The general grade of Heilongjiang market is 6550-6800 yuan / ton, and the Heilongjiang anhydrous market is 7450-7550 yuan / ton. The northeast closing position is about 7000-7050 yuan / ton. The superior enterprises in Central China are quoted at 7000 yuan / ton, and the water-free price is 7800-7850 yuan / ton. The price of ethanol in East China is 7150 yuan / ton. The price of anhydrous ethanol is 7900-8000 yuan / ton, and the general price in southern Jiangsu is 7200-7300 yuan / ton. Cassava ethanol & nbsp;7200-7350 yuan / ton in Guangxi, South China.

& nbsp;                                     unit: yuan / ton

Area

Specifications

Market

2023/9/27

2023/9/25

Rise and fall

 

South China

Cassava is anhydrous

Guangxi

7850-7950

7850-7950

0/0

 

Molasses 95%

Guangxi

-

-

-

 

Cassava 95%

Guangxi

7200-7350

7200-7350

0/0

 

North China

Superior grade

Hebei

-

-

-

 

No water

Hebei

7700-7800

7700-7800

0/0

 

Northeast China

General level

Jilin

6700-6800

6700-6800

0/0

 

No water

Jilin

7350-7600

7350-7600

0/0

 

General level

Jinzhou

7000-7050

7000-7050

0/0

 

General level

Heilongjiang Province

6550-6800

6550-6800

0/0

 

East China

General level

Anhui Province

7100-7150

7100-7150

0/0

 

No water

Anhui Province

7800-7850

7800-7850

0/0

 

No water

Shandong

7800-7900

7800-7900

0/0

 

General level

Shandong

7100-7100

7100-7100

0/0

 

Superior grade

Shandong

7200-7300

7200-7300

0/0

 

Send it to other places without water.

Shandong

7800-7900

7800-7900

0/0

 

General level

Northern Jiangsu

7150-7150

7150-7150

0/0

 

No water

Northern Jiangsu

7900-8000

7850-7950

+50/+50

 

General level

Southern Jiangsu

7200-7300

7200-7200

0/+100

 

Central China

Superior grade

Henan

7000-7000

7000-7000

0/0

 

No water

Henan

7800-7850

7800-7850

0/0

 

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area

Market

Raw materials / by-products

2023/9/27

Remarks

Northeast China

Jilin

Corn

2750-2800

 

Northeast China

Jilin

DDGS

2700-2900

 

Northeast China

Heilongjiang Province

Corn

2650-2700

Less transactions at a low price

Northeast China

Heilongjiang Province

DDGS

2700-2900

High fat

Central China

Henan

Corn

2910-2920

 

Central China

Henan

DDGS

2790

 

Thailand

 

Dried cassava

280-285

 

Shandong

 

Ethyl acetate

7300-7300

Acceptance leaves the factory

Jiangsu Province

 

Ethyl acetate

7450-7500

 

South China

 

Ethyl acetate

7550-7600

 

Future forecast: it is expected that there will be replenishment downstream after the holiday in October, and most of the replenishment support enterprises before the chemical festival have no obvious inventory, and the ethanol market price may remain strong after the festival, but if the shipments are not good during the holidays in a certain region, there is a possibility of weakness. In the later stage, with the end of replenishment, the market returns to normal, and the price may fluctuate. The supply increased in October, and the cost side of corn was negative, and the price support was insufficient. Fuel ethanol is replenished after the holiday, overall demand is likely to decline, and the start of work will increase in October, fuel ethanol price support is limited. The equipment is overhauled in the aspect of coal-based ethanol.

Raw materials: corn ethanol: the price of corn in Northeast China is high and low, the willingness to purchase is not strong, and the humidity of corn is higher at this stage. At present, the supply of ddgs is increasing, the demand is limited, and prices continue to weaken. 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, Cofco Zhaodong normal, Wanli installation normal, Hongzhan 3 factory installation normal, Raha Phase II production, Heilongjiang Shenglong production, Zhongke Green production, Fuyu Huihai shutdown; Fukang production, Tianyu production, Shuntong shutdown, Dongfeng Huafang downtime, Xintianlong normal, Liuniu shutdown. East China Flower Hall production, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Changxing production, Longhe production, Romat production, sul shutdown, Fulaichun continued downtime, Maibo Huihui shutdown, MINUSTAH production. The installation in Mengzhou, Henan Province is stable. Jufeng shuts down. Chifeng Ruiyang production, Zalantun production. Jilin fuel is normal, Guotou Tieling production. Tianguan Nanyang production. Guotou Jidong production. China invests Helen out of stock.

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 27-start on June 5, put in material from July 19 to September 16

 

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, September 20-September 26

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

Stop from May 27 to July 20, Phase II September 25

 

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

 

Remarks: all estimated downtime and production capacity are subject to the specific downtime of the factory.