Ethanol: China's ethanol market was narrowed on May 23

On May 23, the general ethanol price index was stable at 6,020.03.

Today, China's downstream demand for ethanol is poor, and market prices have been consolidated in a narrow range. Hot spots on May 23:1. The market in Northeast China is operating stably. 2. Stabilize the market in South China. 3. East China has a narrow downward adjustment. 4. The price of ethyl acetate in China is operating in a weak position. Major factories in Shandong are bidding for sales, and the starting price is stable. The transaction atmosphere is poor, and the transaction volume is light.

Specifically speaking, the Northeast region is operating stably, and high-priced orders are not smooth due to the influence of price hikes by cargo holders. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,800 - 5,850 yuan/ton, and the price of anhydrous corn ethanol is 6,400 - 6,600 yuan/ton. South China is operating stably, and downstream terminal operators are not enthusiastic about entering the market to replenish goods, while cargo holders are mainly focusing on stabilizing prices. Today's reference price in Guangxi: cassava general grade 6,400 - 6,450 yuan/ton, waterless reference 7,050 - 7,100 yuan/ton, including tax. East China has a narrow decline, with poor on-site demand and flat overall shipments. Reference price in Anhui: waterless 6700 yuan/ton, general grade 6,100 - 6,150 yuan/ton. Reference price in northern Jiangsu: general grade 6000 yuan/ton, down 50 yuan/ton from the previous working day. No water is 6,600 - 6,700 yuan/ton, the low-end price is reduced by 100 yuan/ton compared with the previous working day, and the high-end price is reduced by 50 yuan/ton compared with the previous working day. Reference price in southern Jiangsu: general grade 6,150 - 6,300 yuan/ton, down 50 yuan/ton from the previous working day.

                                     Unit: yuan/ton

Aftermarket outlook forecast: China's ethanol market is expected to consolidate within a narrow range in the short term. In terms of coal-to-ethanol: Shaanxi has not yet invited tenders, the Yushen device has been shut down, the spot market in the region has decreased, manufacturers 'quotations remain high, but market demand is not good, and overall shipments are flat. Fuel ethanol: Fuel ethanol prices are stable, and terminal downstream companies just need to bid for participation. In terms of absolute ethanol: There are few inventories in the main regions, the mentality of the holders continues to be strong, and terminal downstream operators are not enthusiastic about entering the market to replenish goods. In terms of edible ethanol: Due to the impact of supply and demand, transactions in the market were flat. Today, market prices in East China dropped within a narrow range, and price cuts stimulated shipments.