Ethanol: China's ethanol market price weakness on May 27

& nbsp; & nbsp; May 27th, the price index of general-grade ethanol was 5999.5, which was 17.53 lower than that of the previous working day and 0.29% lower than the previous working day.

Today, the demand support of China's ethanol market is not good, and the regional price is weak. Hot spots on May 27: first, the market price in Northeast China is weak and downward. Second, the market price in South China has been lowered in a narrow range. Third, there has been a slight downward adjustment in Central China. Fourth, the market price of ethyl acetate in China is reduced in a narrow range, and the main factories in Shandong are bidding for sales, the starting price is stable, and the rigid demand is mainly sold.

Specifically, the market prices in Northeast China are slightly reduced, the signing of orders is not smooth under the influence of high prices, and the shipping sentiment of the shippers is strong. Today's Jilin reference price: general corn ethanol price 5750-5800 yuan / ton, anhydrous price 6350-6600 yuan / ton, all reduced by 50 yuan / ton compared with the previous working day. Jinzhou Port reference price: general price 6050 yuan / ton, 50 yuan / ton lower than the previous working day. In South China, there is a narrow downward adjustment, and the enthusiasm of terminal downstream operators to enter the market is not high. Today's Guangxi reference price: cassava general reference 6300-6400 yuan / ton, anhydrous reference 6950-7000 yuan / ton including tax, 100 yuan / ton lower than the previous working day. Central China slightly reduced, the market demand is weak, the overall shipment is flat. Today's Henan reference price: the superior price refers to 5800 yuan / ton, and the high-end price is 70 yuan / ton lower than that of the previous working day. The low-end price is 50 yuan / ton lower than that of the previous working day. The price of no water refers to 6600 yuan / ton.

& nbsp;                                     unit: yuan / ton

Area	Specifications	Market	2024/5/27	2024/5/24	Rise and fall
South China	Cassava is anhydrous	Guangxi	6950-7000	7050-7100	-100/-100
	Molasses 95%	Guangxi	6450-6500	6450-6500	0/0
	Cassava 95%	Guangxi	6300-6400	6300-6400	0/0
North China	No water	Hebei	6600-6650	6600-6650	0/0
Northeast China	General level	Jilin	5750-5850	5800-5850	-50/0
	No water	Jilin	6350-6600	6400-6600	-50/0
	General level	Jinzhou	6050-6050	6050-6100	0/-50
	General level	Heilongjiang Province	5650-5700	5650-5700	0/0
East China	Cassava is anhydrous	Shandong	6700	6700	0/0
	General level	Shandong	6000	6000	0/0
	Superior grade	Shandong	6700	6700	0/0
	General level	Northern Jiangsu	6000	6000	0/0
	No water	Northern Jiangsu	6600-6700	6600-6700	0/0
	General level	Anhui Province	6100-6150	6100-6150	0/0
	No water	Anhui Province	6700	6700	0/0
	General level	Southern Jiangsu	6150-6300	6150-6300	0/0
Central China	Superior grade	Henan	5800-5800	5850-5870	-50/-70
	No water	Henan	6600	6600	0/0

& nbsp; & nbsp; raw materials / by-products and downstream & nbsp; & nbsp                                                                                                                 & nbsp; & nbsp; unit: yuan / ton, US dollar / ton

Area	Market	Raw materials / by-products	2024/5/27	Remarks
Northeast China	Jilin	Corn	2340-2350
Northeast China	Jilin	DDGS	2250-2450
Northeast China	Heilongjiang Province	Corn	2230-2300	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	2130-2250
Central China	Henan	Corn	2200-2300
Central China	Henan	DDGS	2150-2400
Thailand		Dried cassava	230-232
Jiangsu Province		Ethyl acetate	6100-6200
South China		Ethyl acetate	5950-6000

Future forecast: it is expected that China's ethanol market will be sorted out in a narrow range in the short term. Coal-to-ethanol: Shaanxi has not yet invited tenders, Yushen plant has been shut down, the spot market in the region has decreased, the manufacturer's quotation remains high, but the market demand is not good, and the overall shipment is flat. Fuel ethanol: the price of fuel ethanol remains stable, mainly carrying out the previous contract order. Anhydrous ethanol: there is less inventory in the main areas, but the enthusiasm of terminal downstream operators to enter the market is not high, and some manufacturers reduce prices to stimulate shipments. Edible ethanol: the market demand is not good, the goods in the market is not smooth, and the price in the main selling area is lowered again.