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

On May 7, the general ethanol price index was 5611, unchanged from yesterday.

China's ethanol market prices adjusted within a narrow range. Hot spots on May 7:1. Market prices in South China have stabilized and moved slightly. 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 Northeast China have remained stable. Currently, 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. 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. Prices in Henan have been lowered, with premium prices lowered to 5,850 - 5,900 yuan/ton, high-end prices lowered by 50 yuan/ton, and waterless prices maintained at 6600 yuan/ton, maintaining yesterday. Prices in East China have adjusted within a narrow range. The ethanol market in Shandong has maintained a stable price. The downstream just needs to replenish warehouses. The market transaction atmosphere is improving. There is a slight increase in water in northern Jiangsu. Market orders are shipped, and the trading atmosphere is stable. The transaction price of general ethanol is referred to 6,000 - 6,050 yuan/ton, and 6,650 - 6,750 yuan/ton without water.

                                     Unit: yuan/ton

Aftermarket forecast: China's ethanol is expected to be stable or fluctuate slightly in the short term. At present, inventories in some markets are relatively high, but considering the later on-site equipment storage and maintenance plans, the operators still have a high price attitude. Fukang's external plans to conduct branch maintenance on May 15, and the market supply has decreased. Fuel ethanol remains stable, and high-priced orders are not smooth. Coal-to-ethanol has been overhauled by a large factory in Anhui. The market supply is still acceptable, and prices continue to maintain stability. 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.