Ethanol: China's ethanol market diverged on June 4

, the price index of general-grade ethanol is 5994.3, stable.

Today, the price trend of ethanol market in China is divided. Hot spots: first, the northeast market continues to be weak. Second, market prices in East China have increased slightly. Third, the market in South China maintains stable operation. Fourth, China's ethyl acetate market price is temporarily stable, Shandong's main factories compete for sale, the starting price is stable, and the purchasing atmosphere is insipid.

Specifically, the northeast market price continues to be weak, the market supply pressure is greater, but the terminal downstream demand is not good, coupled with the influence of weather factors, the market price is reduced. Today's Jilin reference price: general-grade corn ethanol price 5700-5750 yuan / ton, anhydrous price 6300-6700 yuan / ton, superior price 5700 yuan / ton, 50 yuan / ton lower than the previous working day. Heilongjiang reference price: general price 5530-5700 yuan / ton, 50 yuan / ton lower than the previous working day. The price of no water is 6320-6320 yuan / ton, 50 yuan / ton lower than that of the previous working day. The premium price is 5700 yuan / ton, 50 yuan / ton lower than that of the previous working day. Jinzhou Port General level reference 5950-6000 yuan / ton. The low-end price is 100 yuan / ton lower than the previous working day, and the high-end price is 50 yuan / ton lower than the previous working day. Market prices in East China have been sorted out in a narrow range, while those in northern Jiangsu have been raised by a narrow range today. Today's Subei reference price: general reference 5950-6000 / ton, anhydrous reference 6700-6800 yuan / ton including tax, the low-end price is 100 yuan / ton higher than the previous working day, and the high-end price is 50 yuan / ton higher than the previous working day. Southern Jiangsu reference price: general reference 6050-6300 yuan / ton. Anhui regional reference price: general reference 6150-6200 yuan / ton. South China to maintain a stable operation, the pace of shipments by shippers is general, on-site single follow-up is insufficient. Today's Guangxi reference price: cassava anhydrous price 7000-7050 yuan / ton, general grade 6100-6350 yuan / ton. Guangdong reference price: cassava anhydrous price 6400-6500 yuan / ton, cassava general grade: 6400-6400 yuan / ton.

Future forecast: the price trend of ethanol market in China is expected to diverge in the short term. Edible ethanol: market prices rise and fall and now, inventory pressure in Northeast China is greater, large factories are now on all lines, affected by the supply of cardholders to reduce prices to stimulate shipments. The operation of some devices in Henan market has been slightly adjusted, the market supply in the region has been reduced, and the manufacturers are willing to raise prices obviously under the support of reduced supply. Coal ethanol: the supply in the field is tight, follow-up still need to pay attention to carbon Xin shipments. In terms of anhydrous ethanol: there is less spot in northern Jiangsu, anhydrous prices have risen slightly, and prices in the northeast have gone down.

Raw materials: corn market mainstream stability, local narrow finishing, sales area downstream demand is not good, transaction is not much. The price of DDGS is adjusted steadily, and the purchasing mood of terminal downstream operators is not good, and the wait-and-see mood is strong. The price of dried cassava remains stable in the near future, and the cost of cassava alcohol is relatively stable.

Supply: Hongzhan Rahl, Jixian devices restored, Anhui carbon Xin plant restart. The Yushen device has been shut down. The Guotou Jidong fuel line has stopped feeding; Zhaodong Cofco has been restarted, and others have remained stable.

Demand: downstream chemical rigid demand procurement, liquor procurement in general.

Logistics: freight rates have risen slightly recently.