[Ethanol Daily Review]: China's ethanol market trends on February 26

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February 26, 2024, 5:30 PM

The price index of general-grade ethanol was 5802 on February 26th, up from-17 on the previous working day.

& nbsp; the price of ethanol in China is weak in the region. Hot spots on February 26th: first, the weekend premium price in Henan has been reduced by 50 yuan / ton. Second, the price in East China will be reduced by 50 yuan per ton. Third, Jilin Dachang in Northeast China has been reduced by 50 yuan per ton, while the price of Heilongjiang Dachang has been maintained. Fourth, the bidding price of ethyl acetate is stable. Fifth, the price of coal-based ethanol has risen. Sixth, the price of corn has risen.

Specifically, the northeast Jilin ethanol plant quotation reduced by 50 yuan / ton, enterprise inventory slightly increased, and Heilongjiang region price gap widened, enterprises lowered the offer. East China price quotation reduced by 50 yuan / ton, the transaction is average. The price of coal-based ethanol has risen, and some demand has increased. Northeast enterprise Jilin market price 5800-5900 yuan / ton, Jilin no water 6350-6550 yuan / ton. The general grade of Heilongjiang market is 5600-5800 yuan / ton, and the Heilongjiang anhydrous market is 6300-6500 yuan / ton. The northeast closing position is about 6100-6300 yuan / ton. The superior enterprises in Central China are quoted at 6100 yuan / ton, and the water-free price is 6900-7000 yuan / ton. The price of ethanol in East China is 6250 yuan / ton. The price of anhydrous ethanol is 650-7000 yuan / ton, and the general price in southern Jiangsu is 6420-6500 yuan / ton. Cassava ethanol in Guangxi, South China & nbsp;6500 yuan / ton.

& nbsp; unit: yuan / ton

Area	Specifications	Market	2024/2/26	2024/2/23	Rise and fall
South China	Cassava is anhydrous	Guangxi	7450-7550	7450-7550	0/0
	Molasses 95%	Guangxi	6450-6550	6450-6550	0/0
	Cassava 95%	Guangxi	6550-6600	6550-6600	0/0
North China	No water	Hebei	6700-6800	6700-6800	0/0
Northeast China	General level	Jilin	5800-5900	5800-5900	0/0
	No water	Jilin	6350-6550	6400-6550	-50/0
	General level	Jinzhou	6100-6300	6150-6300	-50/0
	General level	Heilongjiang Province	5600-5800	5600-5800	0/0
East China	General level	Anhui Province	6300-6300	6350-6350	-50/-50
	No water	Anhui Province	7000-7000	7050-7100	-50/-100
	General level	Shandong	6250-6250	6270-6350	-20/-100
	Superior grade	Shandong	6600-6800	6600-6800	0/0
	Send it to other places without water.	Shandong	6900-6950	6900-6950	0/0
	General level	Northern Jiangsu	6250-6250	6300-6300	-50/-50
	No water	Northern Jiangsu	6950-7000	7000-7050	-50/-50
	General level	Southern Jiangsu	6450-6500	6450-6500	0/0
Central China	Superior grade	Henan	6100-6100	6150-6150	-50/-50
Central China	No water	Henan	6900-7050	6900-7050	0/0

Raw material / by-product and downstream & nbsp

Unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2024/2/26	Remarks
Northeast China	Jilin	Corn	2190-2250
Northeast China	Jilin	DDGS	1900-2000
Northeast China	Heilongjiang Province	Corn	2045-2230	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	1760-2000	High fat
Central China	Henan	Corn	2430-2440
Central China	Henan	DDGS	1800-1950
Thailand		Dried cassava	252-255
Shandong		Ethyl acetate	5900-5900	Acceptance leaves the factory
Jiangsu Province		Ethyl acetate	6070-6100
South China		Ethyl acetate	6350-6400	Dongguan

Future forecast: the trend of ethanol price in China is expected to be stable and weak in the short term. Some enterprises in Northeast China still have inventory and positive shipping mentality, but corn prices continue to rise in cost support and price game. East China chemical industry rigid demand procurement, price weak finishing.

Raw material: corn ethanol: corn prices rise in China. Ddgs price weak finishing. Dry cassava: increased purchase of cassava starch leads to higher prices

Supply: northeast start: Dongning Hongda shutdown, Baoquanling shutdown, Luobei shutdown, Cofco Zhaodong excellent stop fuel production, Wanli installation is normal, Hongzhan 4 factories are normal, Heilongjiang Shenglong production, China Kegring production, Fuyu Huihai shutdown; Fukang production, Tianyu production, Shuntong short-term downtime, Dongfeng Huafeng production, new Tianlong normal, Liuniu production. Huadong Huatian production, Guannan shutdown, Jin Changlin downtime, Guohua downtime, Kant downtime, Changxing downtime, Longhe downtime, Romat production, sul production, Fulaichun shutdown, Maibo Huihui shutdown, and 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	Normal
Jilin Fukang	50	4	Normal
Heilongjiang Hexing grain and oil	3	3	Stop the machine
Inner Mongolia Shuntong	12	12	Shut down on January 23rd
Heilongjiang Zhongke Green	10	10	Normal
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 the machine
Shuyang Guohua	5	5	Stop the machine
Anhui COFCO	75	30	Universal downtime in January
Anhui Wuhechun	8	8	Stop the machine
Jilin Xintianlong	30	30	Normal
Heilongjiang Sheng long	15	15	Production after the Spring Festival
Inner Mongolia Liniu	10	10	Normal
Hanyong, Mengzhou, Henan Province	30	30	Normal
Houyuan, Mengzhou, Henan Province	50	50	Normal
Jilin Dongfeng Hua Grain	10	10	Normal
National Investment Helen	30	30	Normal	Fuel fuel
Guotou Jidong	30	30	Normal	Fuel fuel
Zhenjiang Changxing	10	10	Shut down on January 31st
Jin Changlin in Lianyungang	5	5	Stop the machine
Hongzhang, ha.	60	30	Normal
Fukang	50	50	Normal
Tianyu	15	15	Normal
Cofco Zhaodong	30	10	The food shutdown is expected to start in March.
Chifeng Ruiyang	8	8	Normal
Hongzhan Tahiko	30	30	Normal
Wanli Runda	60	60	Normal
Lianyungang Longhe River	10	10	Stop the machine
Jiangsu sul alcohol	12	12	Stop the machine
Liaoyuan giant peak	50	50	Stop the machine
Zalantun	10	10	Normal
Shandong Yingxuan	20	20	Normal
Jilin fuel	70	70	Normal
Guotou Tieling	30	30	Normal
Henan Nanyang Tianguan	30	30	Normal
Romet.	5	5	Stop the machine
Fuyu Huihai	5	5	Stop the machine
China Colleen	10	10	Normal
Guotou Jidong	30	30	Normal
Hongzhan Huannan	30	30	Normal
Jiangsu Flower Hall	25	25	The small line of the plant was restored on January 8, and all the east plants were restored in the middle of January.