On July 22, the general ethanol price index was 5948, down 3 from the previous working day and 0.05% month-on-month.
The domestic ethanol market was partially lowered today. Hot spots on July 22:1. The Northeast region is organized in a narrow manner. 2. The market in East China is temporarily operating steadily. 3. The market in Central China dropped slightly. 4. The domestic market price of ethyl acetate is stable and strong. Major factories in Shandong bid for sales, and the starting price has been raised. On-site transactions are acceptable.
Specifically, local market prices in Northeast China have been consolidated within a narrow range, and general quotations have weakened slightly. 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 5,500 - 5,550 yuan/ton, waterless price 6,150 - 6,250 yuan/ton. The reference price for Jinzhou's general class is 5,850 - 5,900 yuan/ton, which is 50 yuan/ton lower than the previous working day. The East China market is temporarily operating steadily, with downstream terminals maintaining a demand for procurement, and the on-site trading atmosphere is flat. Today's reference price in northern Jiangsu: general reference price is 5950 yuan/ton, anhydrous ginseng is 6,600 - 6,700 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. Central China is weak and downward. Vehicles in the region have not increased significantly. Demand support is insufficient, and on-site prices have dropped slightly. Henan reference price: The premium reference price is 5800 yuan/ton, which is 50 yuan/ton lower than the previous working day. The reference for waterless is 6600 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: The domestic ethanol market is expected to be stable and weak in the short term. In terms of edible ethanol: The enthusiasm for purchasing downstream terminals is not high, downstream demand has not improved significantly, and some factories still have shipping pressure. In terms of coal-to-ethanol: Shandong Hengxin plans to put into production in mid-to-late July, and Xinjiang Tianye will put into production in late July; when inventories are at a high level, holders are actively shipping. In terms of absolute ethanol: Most downstream terminal operators just need to participate in replenishment. In terms of fuel ethanol: The purchase price of local refining is weak, and the low prices of the holders stimulate shipments, and on-site transactions are acceptable.
Raw materials:Corn market prices remained volatile in a range, and terminal downstream companies maintained on-demand purchases, with light purchases and sales. 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; Fukang, Meihekou, has only maintained production on the fourth line and is planned for maintenance; 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. Hongzhan Bayan factory is expected to be shut down for maintenance in early August
Requirements:whiteIn the off-season of wine procurement, downstream chemical industries replenish warehouses on demand.
Logistics:Freight rates have gradually stabilized.
