[Ethanol Daily Review]: China's ethanol market trends on January 5

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January 5, 2024, 4:26 PM

On January 5th, the price index of general-grade ethanol was 6066.75, which was stable from the previous working day.

& nbsp; China's ethanol market is stable. Hot spots on January 5: first, Henan superior prices are stable. Second, the price quotation in East China is stable. Third, the price in Northeast China is stable. Fourth, the bidding price of ethyl acetate has been lowered. Fifth, the price of coal ethanol is stable. 6. The purchase price of Gezhan is stable. 7. Freight rates in some regions are slightly stronger.

Specifically, the northeast enterprise quotation is stable, order delivery. The price of high-grade ethanol in Henan is stable. The quotation in East China is stable and the previous order is delivered. The quotation of fuel enterprises is stable, and the transaction price of georefining is stable. Northeast enterprise Jilin market price 6100-6200 yuan / ton, Jilin no water 6800-7050 yuan / ton. The general grade of Heilongjiang market is 5900-6200 yuan / ton, and the Heilongjiang anhydrous market is 6600-6750 yuan / ton. The northeast closing position is about 6450-6500 yuan / ton. The superior enterprises in Central China are quoted at 6550 yuan / ton, and the water-free price is 7250-7350 yuan / ton. The price of ethanol in East China is 6600-6650 yuan / ton. The price of anhydrous ethanol is 7400-7450 yuan / ton, and the general price in southern Jiangsu is 6680-6900 yuan / ton. Cassava ethanol & nbsp;6800-6900 yuan / ton in Guangxi, South China.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2024/1/5	2024/1/4	Rise and fall
South China	Cassava is anhydrous	Guangxi	7500-7500	7500-7500	0/0
	Molasses 95%	Guangxi	-	-	-
	Cassava 95%	Guangxi	6700-6800	6700-6800	0/0
North China	Superior grade	Hebei	-	-	-
North China	No water	Hebei	7100-7150	7100-7150	0/0
Northeast China	General level	Jilin	6100-6200	6100-6200	0/0
	No water	Jilin	6800-7050	6800-7050	0/0
	General level	Jinzhou	6450-6500	6450-6500	0/0
	General level	Heilongjiang Province	5900-6200	5900-6200	0/0
East China	General level	Anhui Province	6600-6650	6600-6650	0/0
	No water	Anhui Province	7350-7450	7350-7500	0/0
	No water	Shandong	7350-7400	7350-7400	0/0
	General level	Shandong	6550-6650	6550-6650	0/0
	Superior grade	Shandong	6750-7050	6750-7050	0/0
	Send it to other places without water.	Shandong	7200-7350	7200-7350	0/0
	General level	Northern Jiangsu	6550-6600	6550-6600	0/0
	No water	Northern Jiangsu	7350-7400	7350-7400	0/0
	General level	Southern Jiangsu	6680-6900	6800-6900	0/0
Central China	Superior grade	Henan	6550-6550	6550-6550	0/0
Central China	No water	Henan	7250-7350	7250-7350	0/0

Raw material / by-product and downstream & nbsp

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2024/1/3	Remarks
Northeast China	Jilin	Corn	2300-2340
Northeast China	Jilin	DDGS	2050
Northeast China	Heilongjiang Province	Corn	2190-2320	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	1900-2000	High fat
Central China	Henan	Corn	2460-2570
Central China	Henan	DDGS	1900-2000
Thailand		Dried cassava	255-260
Shandong		Ethyl acetate	6350-6310	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	6350-6400
South China		Ethyl acetate	6500-6550	Dongguan

Future forecast: ethanol prices in China are expected to be stable or weak in the short term. Cost of corn reserves received support corn prices are strong, but downstream demand is weak and prices remain stable. Northeast edible ethanol shipping mentality to support price weak finishing, but corn prices are strong and ddgs prices continue to weaken to a low some of the higher-cost enterprise production is already at the profit and loss level, supporting the enterprise downside space is limited. At present, the price in Henan is high, the demand for liquor is general, and it is expected that there will be a slight weakness in the short term as the surrounding prices continue to weaken. Fuel part of the recent contract period close to the price of traders loose, affecting the enterprise ex-factory price, in the middle of the main procurement, may support the enterprise ex-factory price. The new production capacity of coal-based ethanol is expected to be officially released after the Spring Festival, and the short-term market impact is limited. At present, large factories have some inventory orders to support, and prices are stable.

Raw material: corn ethanol: corn prices in China are stable. Ddgs price weak finishing. In the aspect of dried cassava: enterprises are waiting for the new dried cassava to appear on the market.

Supply: northeast start: Dongning Hongda shutdown, Baoquanling shutdown, Luobei production, Cofco Zhaodong excellent stop fuel production, Wanli installation is normal, Hongzhan 4 factories are normal, Heilongjiang Shenglong production, China Kegring production, Fuyu Huihai production; Fukang production, Tianyu production, Shuntong production, Dongfeng Huafeng production, Xintianlong normal, Liuniu production. Huadong Huatian shutdown, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Kant downtime, Changxing production, Longhe downtime, Romat production, sul production, Fulaichun shutdown, Maybohui shutdown, MINUSTAH production. Hanyong, Mengzhou, Henan is normal, Huaxing is normal, Houyuan is normal. Jufeng shuts down. Chifeng Ruiyang production, Zhalantun production, Inner Mongolia Jietainuo plant production. Jilin fuel is normal, Guotou Tieling production. Tianguan Nanyang production. Guotou Jidong production. State Investment Helen production. Ethanol production, a by-product of Baling Petrochemical.

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

Logistics: logistics prices drop slightly.

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	Power on from April 15 to May 6
Jilin Fukang	50	4	March 28th
Heilongjiang Hexing grain and oil	3	3	Late March
Inner Mongolia Shuntong	12	12	Production on October 8th
Heilongjiang Zhongke Green	10	10	Production on August 30th
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	April 20 has been put into production in September and shut down for production in December.
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	October production
Hanyong, Mengzhou, Henan Province	30	30	Normal production
Houyuan, Mengzhou, Henan Province	50	50	Open on May 21 and shut down on October 26th
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, November 6, November 25 or so.
Jin Changlin in Lianyungang	5	5	Shutdown on May 18, production on August 7, shutdown around August 15.
Hongzhang, ha.	60	30	From 27 May to 20 July, Phase II from September 25 to October 9
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	June 5 stop feeding-June 20 July 15 shutdown July 31 fuel production, food feeding on August 15, December 1 unstable
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	July 3 device stop feeding August 21 feeding November 3 shutdown
Jiangsu sul alcohol	12	12	The plant was shut down from July 3 to December 21.
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 feeding production 12 early shutdown to resume
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	October 08-October 22
Jiangsu Flower Hall	25	25	The device was shut down in late December.