On June 12, the general ethanol price index was 5,989.5, maintaining stability.
Today, China's ethanol market is operating smoothly. Hot spots on June 12:1. Maintain market prices in Northeast China. 2. Market prices in East China have temporarily stabilized. 3. Stabilize the market in Central China. 4. The market price of ethyl acetate in China has increased within a narrow range. Major factories in Shandong have bid for sales, and the starting price has increased, resulting in an increase in transaction volume.
Specifically, the market in the Northeast region is operating stably. Yesterday, the factory has set prices and stabilized prices today. It mainly implements pre-contract contracts, and new orders have been sold in general. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,700 - 5,750 yuan/ton, and the price of anhydrous corn ethanol is 6,300 - 6,650 yuan/ton. Heilongjiang reference price: general price 5,530 - 5,700 yuan/ton, waterless price 6,150 - 6,250 yuan/ton. Market prices in East China are temporarily stable, with factory orders being the main delivery. Today's reference price in Shandong: waterless cassava reference 6700 yuan/ton, general cassava reference 6000 yuan/ton. The premium reference price is 6,700 - 6,700 yuan/ton, and today's reference price in northern Jiangsu is 5,950 - 5,950 yuan/ton, and the waterless reference price is 6,700 - 6,800 yuan/ton, including tax. Reference price in southern Jiangsu: general reference price 6,050 - 6,300 yuan/ton. Reference price in Anhui: general reference price 6150-6200 yuan/ton. After price cuts in Central China, the price has stabilized temporarily, and the trading atmosphere on the floor is flat. Today's reference price in Henan: excellent grade 5850 yuan/ton, waterless 6,700 - 6,750 yuan/ton.
Aftermarket forecast: China's ethanol market is expected to stabilize prices in the short term. In terms of edible ethanol: The supply in Henan has increased, which is negative for market prices in the region. There is a replenishment cycle for terminal downstream companies after the holiday, and they still need to pay attention to the downstream procurement arrangements this week. In terms of coal-to-ethanol: market prices have stabilized, spot supply of coal-to-coal is tight, and on-site transactions are stable. In terms of anhydrous ethanol: The Hongzhan Laha factory has resumed production without water, and the downstream is replenished on demand, and the goods are still available on site.
Raw materials: Corn market prices are stable and strong, on-site supply is tight, and bullish sentiment is strong under the influence of the supply side. DDGS prices are operating weakly and steadily, the overall operating rate is declining, supply is tightening, but the demand in the terminal downstream market is not good. The price of dried cassava has been stable recently, and the cost of cassava alcohol has been relatively stable.
Supply: Hongzhan Laha and Jixian installations have been restored, SDIC Tieling has been restored, and SDIC Jidong fuel line has stopped feeding. Zhaodong COFCO's edible equipment was shut down and the fuel line was in production. Jinyimeng was shut down without water, and others remained stable. The restart time of Fukang Line 2/3 has been delayed until the end of the month, and Hongzhan Huanan is tentatively scheduled to shut down on the 15th of this month.
Demand: Liquor is purchased on demand, and chemical storage is expected to replenish the warehouse this week.
Logistics: Logistics in Northeast China is still tight and freight rates continue to rise.
