[Ethanol Daily Review]: China's ethanol market trends on April 7

On April 7th, the price index of general-grade ethanol was 5639.5, up from-93.25 on the previous working day.

& nbsp; China's ethanol market region weakens. April 7 hot spots: first, the superior price in Henan area has been reduced by 50-100 yuan per ton. Second, the price in East China will be reduced by 50 yuan per ton. Third, the prices of large factories in Northeast China have not been paid, and the prices of individual small factories have weakened slightly. Fourth, the bidding price of ethyl acetate has been lowered. Fifth, the price of coal-based ethanol is weak. Sixth, the purchase price range of regional georefining is arranged in a small way.

Specifically, the prices of large factories in Northeast China have not come back after the festival, and the transaction prices of individual factories have weakened slightly. Shipments in Henan are weak, high-speed traffic restrictions are mediocre during holidays, and continuous decline in enterprise prices stimulates shipments. The local supply of goods in East China is limited, and some foreign sources are consumed. Under the influence of weaker prices around, prices follow the downward trend. The price of fuel ethanol enterprises in Northeast China is stable. Regional refineries send prices to fluctuate slightly. The trading volume of coal-based ethanol is small, and enterprises maintain normal production. Northeast enterprise Jilin market price 5750-5900 yuan / ton, Jilin no water 6350-6550 yuan / ton. The general grade of Heilongjiang market is 5600-5700 yuan / ton, and the Heilongjiang anhydrous market is 6300-6500 yuan / ton. The northeast closing position is about 6050-6100 yuan / ton. The superior enterprises in Central China are quoted at 5900 yuan / ton, and the water-free price is 6700-6750 yuan / ton. The price of ethanol in East China is 6050 yuan / ton. The price of anhydrous ethanol is 6750-6800 yuan / ton, and the general price in southern Jiangsu is 6350 yuan / ton. Cassava ethanol in Guangxi, South China & nbsp;6200 yuan / ton. The equipment of some enterprises in Guangxi was shut down. Some regional refineries in Shandong send the price including tax to 5950-6300 yuan / ton. Coal ethanol in western China is 5750 yuan / ton. Henan coal ethanol 6150 yuan / ton, Anhui coal ethanol did not pay the price. Hunan 6080-6200 yuan / ton, the above coal ethanol or by-product ethanol prices are quoted.

& nbsp;                                     unit: yuan / ton

Raw material / by-product and downstream & nbsp

Unit: yuan / ton, US dollar / ton

Future forecast: China's ethanol market is expected to be stable or regionally weak. The news of maintenance in Northeast China has not yet landed, at present, enterprises are maintaining normal production, downstream demand is limited, and prices in other regions are weak, affecting downstream and traders to purchase from the Northeast and thus turning to other regions, resulting in a decline in orders and an increase in inventory in the Northeast, and there is a possibility of slight weakness in the Northeast. At present, the cross-regional arbitrage of prices in Henan is opened, and the willingness of downstream and traders to purchase from Henan is enhanced, which may affect the price trend in Henan. East China Chemical will focus on purchasing 7000 tons tomorrow, and it is expected that the price will fall on the first trading day. There is not much work in East China, but the shipping mentality of enterprises is positive and the price is weak. Fuel ethanol in the northeast main factory price reduction is not high, the short-term main shipping prices are expected to remain stable. The shipments of coal-based ethanol are weak, the competition among large factories is intensified, and the price is likely to be weak.

Raw material: corn ethanol: corn prices in some areas of northeast China began to rebound. The price of ddgs fluctuates slightly. In the aspect of dried cassava: the price of dried cassava fluctuates in a narrow range.

Supply: northeast start: Dongning Hongda shutdown, Baoquanling shutdown, Luobei shutdown, Cofco Zhaodong production, Wanli installation is normal, Hongzhan 4 factories are normal, Heilongjiang Shenglong production, Zhongkegring production, Fuyu Huihai shutdown; Fukang production, Tianyu production, Shuntong shutdown, Dongfeng Huafeng production, Xintianlong normal, Liuniu production. Huadong Huatian production, Guannan shutdown, Jin Changlin shutdown, Guohua shutdown, Kant downtime, Changxing production, Longhe downtime, Romat production, sul shutdown, Fulaichun shutdown, canal wind production, Maybo 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 resumes. Tianguan Nanyang shutdown. 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

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