On June 17th, the general-grade ethanol price index was 5992.5, up 3 per cent from the previous working day and 0.05 per cent month-on-month.
Today, China's ethanol market is narrowly up. Hot spots on June 17: first, market prices in Northeast China are arranged in a narrow range. Second, market prices in East China have been raised slightly in some areas. Third, market prices in central China have risen slightly. Fourth, China's ethyl acetate market price is temporarily stable, Shandong's main factories compete for sale, the starting price is stable, and the turnover on the market is limited.
Specifically, the Jilin market in Northeast China is generally stable and rising without water. Today's Jilin reference price: general corn ethanol price 5700-5750 yuan / ton, anhydrous price 6350-6600 yuan / ton, low-end price 50 yuan / ton higher than the previous working day, high-end price 50 yuan / ton lower than the previous working day. Heilongjiang reference price: general price 5530-5700 yuan / ton, water-free price 6150-6250 yuan / ton. The rise in ethanol market prices in northern Jiangsu in eastern China has been affected by the upward adjustment in Henan, boosting the overall mentality of northern Jiangsu. Today's Shandong reference price: cassava anhydrous reference 6700 yuan / ton, cassava general reference 6000 yuan / ton. Superior reference price 6700-6700 yuan / ton, today's northern Jiangsu reference price: general reference 6000-6000 yuan / ton, 50 yuan / ton higher than the previous working day. Anhydrous reference 6700-6800 yuan / ton including tax. Southern Jiangsu reference price: general reference 6050-6300 yuan / ton. Anhui regional reference price: general reference 6150-6200 yuan / ton. Market prices in central China have risen slightly. Due to the recent rise in freight rates in Northeast China, some terminal enterprises and middlemen have switched to Henan factories. Goods in Henan have improved, and prices have risen slightly. Today's Henan reference price: excellent 5900-5950 yuan / ton, low-end price 50 yuan / ton higher than the previous working day, high-end price 100 yuan / ton higher than the previous working day. 6700-6750 yuan per ton without water.
Future forecast: it is expected that China's ethanol market will be sorted out in a narrow range in the short term. Edible ethanol: freight rates in Northeast China continue to rise and logistics vehicles are tight, and some terminal enterprises switch to regional factories in Henan, which further promotes the price rise in Henan. Coal to ethanol: Anhui carbon Xin plant due to commissioning reduced production, coal spot supply is still tight. In terms of anhydrous ethanol: the supply in the field is tight, and the terminal downstream operators purchase on demand. Fuel ethanol: most of the procurement sources of fuel ethanol are in the northeast, and freight in the northeast region continues to rise, until the terminal price increases.
Raw materials: corn market prices are strong, grass-roots circulation is tight, and hot weather strikes, the supply side affects the bullish mood in the next market. The price of DDGS is weak and stable, the overall operating rate decreases, the supply is tight, but the demand in the terminal downstream market is not good. The price of dried cassava remains stable in the near future, and the cost of cassava alcohol is relatively stable.
Supply: Hongzhan Rahl, Jixian full load production, Zhaodong grain plant shutdown, fuel line production. Jinyimeng waterless shutdown, Chifeng Ruiyang half-load start, others maintain stability. Anhui carbon Xin due to plant commissioning to reduce production, Fukang 2max line 3 restart time delayed to the end of the month.
Demand: liquor purchasing off-season, chemical storage is expected to replenish the stock this week.
Logistics: northeast logistics is still tight, freight continues to rise.
