On June 19, the general ethanol price index was 5,992.5, maintaining stability.
Today, China's ethanol market is stable and moving slightly, with some areas consolidating within a narrow range. Hot topics for June 19:1. Maintain market stability in Northeast China. 2. Market prices in East China are operating stably. 3. Market prices in South China have been consolidated within a narrow range. 4. China's ethyl acetate market price declined. Major factories in Shandong bid for sales, the starting price continued to be lowered, and on-site transactions were flat.
Specifically, the overall stability of the Northeast region is maintained, and factories mainly implement order contracts. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,700 - 5,750 yuan/ton, and the waterless price is 6,350 - 6,600 yuan/ton. Heilongjiang reference price: general-grade price is 5,530 - 5,700 yuan/ton, and the waterless price is 6,150 - 6,250 yuan/ton. The Shandong market in East China is operating stably, and downstream terminal operators are mainly in need of procurement. Today's reference price in Shandong: waterless cassava reference 6700 yuan/ton, general cassava reference 6000 yuan/ton. The excellent reference price is 6,700 - 6,700 yuan/ton. Today's reference price in northern Jiangsu: general reference price is 6,000 - 6,000 yuan/ton, 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. Market prices in South China have been consolidated in a narrow range, and the downstream terminal market is just in need of replenishment, so the trading atmosphere on the market is light. Today's reference price in Guangxi: cassava without water is 5950 yuan/ton, the low-end price is reduced by 50 yuan/ton compared with the previous working day, and the high-end price is reduced by 100 yuan/ton compared with the previous working day.
Outlook forecast: China's ethanol market is expected to stabilize and move slightly in the short term. In terms of edible ethanol: The premium prices of factories in Henan have been lowered to the lowest level, the contracts for previous orders have been basically completed, and the transaction of new orders has been limited. In terms of coal-to-ethanol: The pricing of coal-to-ethanol sources is still high, but the recent increase in vehicles in Northeast China has curbed the coal-to-ethanol transaction premium to a certain extent. In terms of absolute ethanol: Supply in some regions is tight, terminals purchase on demand, and prices remain stable. In terms of fuel ethanol: Prices for factories in Northeast China remained stable, and the focus of local refining in Shandong suffered a slight setback.
Raw materials: Corn market prices are stable and strong, but the overall change is limited, and traders are most optimistic about prices. The price of DDGS is stable, and downstream operators in the market terminal market have a strong wait-and-see attitude. The price of dried cassava has been stable recently, and the cost of cassava alcohol has been relatively stable.
Supply: Hongzhan Laha and Jixian are producing at full capacity, Zhaodong COFCO's edible equipment is shut down, and fuel line production is produced. Jinyimeng was shut down without water, Chifeng Ruiyang started at half load, and others remained stable. Anhui Tanxin was delayed until the end of the month due to plant debugging and production reduction, Huanan plant shutdown and maintenance, and the restart of Fukang Line 2/3.
Demand: In the off-season of liquor procurement, downstream chemicals will replenish the warehouse on demand.
Logistics: The number of vehicles in Northeast China has increased, and delivery time has returned to normal
