Ethanol: Downstream demand improves Ethanol market prices increase within a narrow range

On May 31st, the general-grade ethanol price index was 5984.3, up 3.6 from the previous working day and 0.06 per cent from the previous working day.

Today, the demand in Henan region of China's ethanol market is rising, and the price is on the rise. Hot spots on May 31: first, the market in Northeast China is operating steadily for the time being. Second, the market price in East China is arranged in a narrow range. Third, market prices in South China are stable. Market prices in central China rose slightly last night. Fifth, China's ethyl acetate market price is temporarily stable, Shandong's main factories compete for sale, the starting price is stable, and the market rigid demand orders are executed.

Specifically, the market price in the northeast region is stable, and the factory implements more pre-order contracts. Today's Jilin reference price: general-grade corn ethanol price 5750-5800 yuan / ton, anhydrous price 6350-6550 yuan / ton. Heilongjiang reference price: general price 5580-5700 yuan / ton. East China made a slight increase, while northern Jiangsu rose narrowly today, driven by rising prices in Henan. Today's northern Jiangsu reference price: general reference 5950-6000 / ton, the high-end price is 50 yuan / ton higher than the previous working day. Anhydrous reference 6600-6750 yuan / ton including tax, the low-end price is 50 yuan / ton higher than the previous working day, and the high-end price is 100 yuan / ton higher than the previous working day. Southern Jiangsu reference price: general reference 6100-6300 yuan / ton. South China maintains stable operation, the enthusiasm of terminal downstream operators to enter the market to replenish stock is not high, and the trading atmosphere is general. Today's Guangxi reference price: cassava anhydrous price 7000-7050 yuan / ton, general grade 6250-6300 yuan / ton. Market prices in central China have risen slightly, and prices have risen slightly under the influence of rising market demand. Today's Henan reference price: excellent 5830-5850 yuan / ton, the low-end price is 60 yuan / ton higher than the previous working day. 6600 yuan per ton without water.

Unit: yuan / ton

Raw materials / by-products and downstream (unit: yuan / ton, US dollars / ton)   & nbsp

Future forecast: it is expected that China's ethanol market will be sorted out in a narrow range in the short term. Edible ethanol: Henan regional demand increases, prices began to rise, some areas affected by Henan prices, have followed up, the follow-up still need to pay attention to the transaction. Coal ethanol: the supply in the field is tight, the holder's intention to raise the price is obvious, and the refinery is converted to ethanol in the northeast.

Raw materials: corn market as a whole to maintain stability, local narrow finishing. The price of DDGS is adjusted steadily, and the price is supported by the recent overhaul of the equipment in the alcohol factory. In the near future, the price of dried cassava remains stable, the cost of cassava alcohol is relatively stable, and the competitiveness of enterprises is weakened.

Supply: Jixian device is completely stopped, and then the line is changed for maintenance; Yanchang Yushen device has been shut down. The No. 28 Guotou Jidong fuel line has stopped feeding; the fuel line of the Hongzhan Laha plant has been restored. Anhui carbon Xin has been restarted, waiting to recover. Hebei Shulang shutdown, Jixian fuel line shutdown, Zhaodong Cofco has been restarted, others remain stable.

Demand: downstream chemical rigid demand procurement, liquor demand continues to be weak.

Logistics: freight rates have risen slightly recently.

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