Ethanol: On July 16, the domestic ethanol market will be stable and wait and see

On July 16, the general ethanol price index was 5951, maintaining stability.

Today, the domestic ethanol market is stable and waiting to see. Hot spots on July 16:1. The Northeast region is temporarily operating stably. 2. Maintain market stability in East China. 3. The market in Central China is operating weakly and steadily. 4. The domestic market price of ethyl acetate is operating weakly and steadily. The main factories in Shandong are bidding for sales, and the starting price is stable. The market transaction atmosphere is dull, and the market is cautious when entering the market.

Specifically, prices in the Northeast region have temporarily stabilized, and the trading atmosphere on the floor is average. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,650 - 5,700 yuan/ton, and the price of anhydrous corn ethanol is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: general price 5,530 - 5,700 yuan/ton, waterless price 6,150 - 6,250 yuan/ton. Jinzhou general reference price is 5,900 - 5,950 yuan/ton. The East China market is mainly stable, and shipments from some factories are acceptable. Reference price in Shandong: The reference price for cassava without water is 6700 yuan/ton, and the reference price for excellent quality is 6700 yuan/ton. The general reference is 5,800 - 5,850 yuan/ton. Today's reference price in northern Jiangsu: general reference is 6000 yuan/ton, waterless reference is 6,650 - 6,750 yuan/ton, including tax. Reference price in southern Jiangsu: general reference price 6100-6300 yuan/ton. Reference price in Anhui: general reference price 6100-6200 yuan/ton. Demand in Central China continues to be weak, vehicle volumes are still decreasing, and market prices are weak and stable. Henan reference price: premium reference is 5850 yuan/ton, waterless reference is 6,650 - 6,700 yuan/ton.

Aftermarket outlook forecast: It is expected that the domestic ethanol market will be weak in the short term. In terms of edible ethanol: mainly weak and stable, and the enthusiasm for terminal and downstream procurement is not high. In terms of coal-to-ethanol: Supply has rebounded, and coal-to-ethanol is expected to decline under the influence of the supply side. In terms of absolute ethanol: The supply in the region has increased, and the market price has gone down and waited and see. Fuel ethanol: The purchase price of local refining continues to weaken, and holders are still bearish on the market outlook.

Raw materials:The corn market price is weak, and terminal downstream companies maintain on-demand procurement, and purchase and sales are light. DDGS prices have temporarily stabilized, and downstream operators in the market terminal have a strong wait-and-see attitude. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:Huaxing, Mengzhou, Henan Province, has suspended maintenance; only the fourth line of Fukang in Meihekou has maintained production and is scheduled to be repaired on July 20; Ruiyang, Chifeng, Inner Mongolia, has been shut down; Jilin Xintianlong is expected to be repaired in late July.Heilongjiang Wanli Runda was shut down for maintenance and the maintenance was expected to take 15 days.

Requirements:whiteIn the off-season of wine procurement, downstream chemical industries replenish warehouses on demand.

Logistics:Freight rates have gradually stabilized.