[Ethanol Daily Review]: China's ethanol market trends on May 6

On May 6, the general ethanol price index was 5611, down 25 from the previous working day.

 China's ethanol market prices adjusted within a narrow range. Hot spots on May 6:1. Market prices in South China have been lowered. 2. Prices in East China are stable. 3. Prices in Northeast China are stable. 4. The auction price of ethyl ester in the ethyl acetate factory has been increased.

Specifically, prices in the Northeast region have remained stable, and orders have been shipped. The pre-holiday order signing at the Yushu factory has been completed, and the Fukang factory continues to sign orders for food. Fukang is tentatively scheduled to start line inspection starting on May 15. Prices in Henan have been lowered. The premium price has been lowered to 5,850 - 5,950 yuan/ton, and the waterless price has been lowered to 6600 yuan/ton, maintaining the previous working day. Prices in East China have adjusted within a narrow range, while the ethanol market in Shandong has remained stable. Downstream is just in need of replenishment, and factories have a strong wait-and-see attitude. The general price of Northeast enterprises in Jilin is 5,700 - 5,800 yuan/ton, and Jilin has no water at 6,250 - 6,600 yuan/ton, which is stable at the low end. The Heilongjiang market level is 5,500 - 5,650 yuan/ton. The premium price in Central China is 5,850 - 5,950 yuan/ton, the low-end price is lowered by 100 yuan/ton, and the waterless price is 6600 yuan/ton. The general price of ethanol in East China in northern Jiangsu is 6,000 - 6,050 yuan/ton, and the low-end price is increased by 20 yuan/ton. The price of anhydrous ethanol was 6,650 - 6,700 yuan/ton, maintained yesterday; the price of ordinary prices in southern Jiangsu was 6,100 - 6,250 yuan/ton.

                                     Unit: yuan/ton

Aftermarket forecast: China's ethanol is expected to be stable or fluctuate slightly in the short term. Orders before the Northeast Wanli and Tianyu holidays have been signed, and orders have been suspended. Fukang plans to conduct branch maintenance on May 15, and the market supply has decreased. Fuel ethanol prices are currently operating at a high level, the mentality of the main business remains stable, and the demand in the local refining market may be weak. Inventories in the edible alcohol market have increased during the holidays. Coupled with Henan's poor shipments, the operators in the market have gradually become cautious, and the market transaction atmosphere is limited. At present, it is expected that the ethanol market will stabilize slightly in the short term, and it will be necessary to pay close attention to the operation of on-site equipment in the later period.