[Ethanol Daily Review]: China's ethanol market trends on October 23

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October 23, 2023, 4:26 PM

The price index of general-grade ethanol was 6433.00 on October 23rd, up from-15.25 on the previous working day.

The price of ethanol market in China is weakening in the region. Hot spots on October 23: first, Henan premium prices have been lowered. Second, prices in East China are stable. Third, the price in Northeast China has been lowered. Fourth, the bidding price of ethyl acetate is stable. Fifth, the freight rate has declined. Sixth, the purchasing price of China chain in the region is weak. Seventh, the price of coal-based ethanol is weak. Eighth, the transaction price of China refinery in the region has dropped.

Specifically, the quotation of enterprises in Northeast China has been lowered, the price of corn has weakened, and the new order of ethanol in Jilin is general, and the price is weak. The Heilongjiang big factory follows the adjustment obviously, the quotation is lowered. After the restoration of enterprise installations in Henan area, the shipping price is generally weak. The quotation of enterprises in East China is stable, order delivery, chemical rigid demand procurement, individual enterprise raw materials change. The downstream demand of fuel ethanol entered the ticket, and the transaction price weakened obviously. Northeast enterprise Jilin market price 6500-6650 yuan / ton, Jilin no water 7150-7500 yuan / ton. The general grade of Heilongjiang market is 6450-6600 yuan / ton, and the Heilongjiang anhydrous market is 7200-7300 yuan / ton. The northeast closing position is about 6750-6850 yuan / ton. The superior enterprises in Central China are quoted at 6900 yuan / ton, and the water-free price is 7650-7700 yuan / ton. The price of ethanol in East China is 6900 yuan / ton. The price of anhydrous ethanol is 7700-7800 yuan / ton, and the general price in southern Jiangsu is 7100 yuan / ton. Cassava ethanol & nbsp;7200-7350 yuan / ton in Guangxi, South China.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2023/10/23	2023/10/20	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	-	-	-
North China	No water	Hebei	7600-7700	7600-7700	0/0
Northeast China	General level	Jilin	6500-6650	6650-6750	-150/-100
	No water	Jilin	7150-7500	7300-7500	-150/0
	General level	Jinzhou	6750-6850	6800-6900	-50/-50
	General level	Heilongjiang Province	6450-6600	6450-6600	0/0
East China	General level	Anhui Province	6900-6950	6900-6950	0/0
	No water	Anhui Province	7800-7800	7800-7800	0/0
	No water	Shandong	7700-7800	7700-7800	0/0
	General level	Shandong	6900-6900	6900-6900	0/0
	Superior grade	Shandong	6900-7300	7100-7300	-200/0
	Send it to other places without water.	Shandong	7500-7700	7550-7700	-50/0
	General level	Northern Jiangsu	6900-6900	6900-6900	0/0
	No water	Northern Jiangsu	7700-7800	7700-7800	0/0
	General level	Southern Jiangsu	7100-7100	7100-7100	0/0
Central China	Superior grade	Henan	6850-6900	6950-6950	-100/-50
Central China	No water	Henan	7650-7700	7650-7700	0/0

Raw materials / by-products and downstream

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2023/10/23	Remarks
Northeast China	Jilin	Corn	2440
Northeast China	Jilin	DDGS	2500-2550
Northeast China	Heilongjiang Province	Corn	2298-2308	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	2300-2500	High fat
Central China	Henan	Corn	2690-2740
Central China	Henan	DDGS	2350
Thailand		Dried cassava	278-285
Shandong		Ethyl acetate	6900-6900	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	7000-7050
South China		Ethyl acetate	7000-7100

Future forecast: the short-term operation of China's ethanol market is weak, the cost is negative, the new orders of large factories are general, the market negative mentality is high, and the price is weak.

Raw material: corn ethanol: the price of Chinese corn is weak under the influence of regional quantity. Under Belt and Road Initiative's policy, the price of corn is weak. At present, the supply of ddgs is increasing, the demand is limited, and the price is down. 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 plant normal, Hongzhan 3 factory installation normal, Raha Phase II production, Huanan plant shutdown, Heilongjiang Shenglong production, Zhongkegreen production, Fuyu Huihai production; Fukang production, Tianyu production, Shuntong downtime, Dongfeng Huafeng production, Xintianlong normal, Li Niu downtime. 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. State Investment Helen production.

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

Logistics: logistics price weak arrangement.

Equipment maintenance table of Chinese ethanol enterprises

Enterprise name	Production capacity (10,000 tons / year)	Maintenance involves production capacity	Maintenance start time	Remarks
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	Fire from 17 April to 9 October
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-October 3
China Colleen	10	10	Feeding starts on August 22nd
Guotou Jidong	30	30	Feed in early September
Hongzhan Huannan	30	30	Downtime on October 8th