[Ethanol Daily Review]: China's ethanol market trends on January 19

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January 19, 2024, 4:56 PM

On January 19th, the price index of general-grade ethanol was 5909.00, which was stable from the previous working day.

& nbsp; China's ethanol market Henan continues to weaken. January 19 hot spot: first, Henan superior price individual enterprise quotation reduced by 50 yuan / ton. Second, prices in East China are stable. Third, prices in Northeast China are stable. Fourth, the auction of ethyl acetate is stable. Fifth, freight rates keep rising slightly. Sixth, the price of corn is weak.

Specifically, the price in Northeast China is stable, the order is delivered, and the inventory of large factories is not high. With the return of funds from enterprises in Henan, individual prices continued to weaken and their quotations were cut by 50 yuan per ton and 50 yuan per ton without water. The quotation of enterprises in East China is stable, and the rigid demand of chemical industry is purchased. The quotation of fuel enterprise is stable and the order is delivered. Northeast enterprise Jilin market price 5950-6050 yuan / ton, Jilin no water 6550-6950 yuan / ton. The general grade of Heilongjiang market is 5700-5900 yuan / ton, and the Heilongjiang anhydrous market is 6400-6600 yuan / ton. The northeast closing position is about 6200-6400 yuan / ton. The superior enterprises in Central China offer 6100-6150 yuan / ton, and the water-free price is 7100-7150 yuan / ton. The price of ethanol in East China is 6400 yuan / ton. The price of anhydrous ethanol is 7100-7150 yuan / ton, and the general price in southern Jiangsu is 6600 yuan / ton. Cassava ethanol in Guangxi, South China & nbsp;6600 yuan / ton.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2024/1/19	2024/1/18	Rise and fall
South China	Cassava is anhydrous	Guangxi	7300-7500	7300-7500	0/0
	Molasses 95%	Guangxi	6600	6600	-
	Cassava 95%	Guangxi	6600-6600	6600-6600	0/0
North China	No water	Hebei	6800-6900	6800-6900	0/0
Northeast China	General level	Jilin	5950-6050	5950-6050	0/0
	No water	Jilin	6550-6950	6550-6950	0/0
	General level	Jinzhou	6200-6400	6200-6400	0/0
	General level	Heilongjiang Province	5700-5900	5700-5900	0/0
East China	General level	Anhui Province	6400-6500	6400-6500	0/0
	No water	Anhui Province	7100-7200	7100-7200	0/0
	General level	Shandong	6220-6400	6220-6400	0/0
	Superior grade	Shandong	6600-6900	6600-6900	0/0
	Send it to other places without water.	Shandong	7000-7050	7000-7050	0/0
	General level	Northern Jiangsu	6400-6400	6400-6400	0/0
	No water	Northern Jiangsu	7100-7150	7100-7150	0/0
	General level	Southern Jiangsu	6500-6600	6500-6600	0/0
Central China	Superior grade	Henan	6100-6150	6150-6150	-50/0
Central China	No water	Henan	7100-7150	7150-7150	-50/0

Raw material / by-product and downstream & nbsp

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2024/1/19	Remarks
Northeast China	Jilin	Corn	2210-2250
Northeast China	Jilin	DDGS	1980-2000
Northeast China	Heilongjiang Province	Corn	2121-2170	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	1750-1850	High fat
Central China	Henan	Corn	2470-2500
Central China	Henan	DDGS	1800-1950
Thailand		Dried cassava	245-250
Shandong		Ethyl acetate	6360-6380	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	6450-6470
South China		Ethyl acetate	6500-6600	Dongguan

Future forecast: ethanol prices in China are expected to be stable or weak in the short term, but the space is limited. Large factories in Northeast China maintain normal production during the Spring Festival, and prices are likely to weaken under inventory pressure, but at present, enterprises are at a loss line or loss in production. If corn prices can stop falling due to the increase in reserves, so ethanol prices may also stop falling. Henan short-term prices fell to a low after part of the transaction, individual enterprises have a positive mentality of shipping capital problems, prices are weak. The production of cassava ethanol in East China is losing money, and the market mainly consumes foreign sources. With the beginning of pre-festival stock, the freight rate in Northeast China rose slightly, and the delivery price was slightly driven, but the overall price was lower than the price of cassava ethanol in East China. Weak finishing of cassava ethanol in East China. In terms of fuel, ex-factory prices remain stable. Refinery pick-up price due to part of the shipping mentality actively sent to the price weak finishing possibility.

Raw material: corn ethanol: the price of corn in China is weak. Ddgs price weak finishing. In the aspect of dried cassava: enterprises wait for it to be reduced to a reasonable price.

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 shutdown, Dongfeng Huafeng production, Xintianlong normal, Liuniu production. East China Huating small line production, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Kant downtime, Changxing production, Longhe downtime, Romat production, suol production, Fulaichun continued downtime, 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 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
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	October 8 production downtime on January 8
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 plant was shut down in late December and resumed on January 8th.