Ethanol: The domestic ethanol market was stable and weak on August 12

On August 12, the general ethanol price index was 5,874.5, maintaining stability.

Today, the domestic ethanol market is stable and weak. Hot spots on August 12:1. The Northeast region is operating steadily. 2. Narrogantly organized in East China. 3. Maintain stability in central China. 4. The domestic market price of ethyl acetate has been slightly lowered. Major factories in Shandong have bid for sales, and the starting price has been lowered. The trading atmosphere on the market has been weak.

Specifically, the Northeast region is operating steadily, with average demand performance, and shipments of cargo holders are under pressure. 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 6,100 - 6,200 yuan/ton. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. East China consolidated within a narrow range, and factory quotations in northern Jiangsu lowered over the weekend. Reference price in northern Jiangsu: The general price is 5900 yuan/ton, which is 50 yuan/ton lower than the previous working day. The reference price for anhydrous water is 6550-6650 yuan/ton. Anhui reference price: general price 5950 yuan/ton, waterless price 6650 yuan/ton. Shandong reference price: The general price is 5,830 - 5,850 yuan/ton, the low-end price is reduced by 20 yuan/ton compared with the previous working day, and the high-end price is reduced by 30 yuan/ton compared with the previous working day. Central China has maintained stability. Currently, the main factories are operating on one line, high-priced factories have been slightly lowered, and mainstream prices have maintained stability. Henan reference price: premium price 5,850 - 5,900 yuan/ton, waterless price 6650 yuan/ton.

Aftermarket forecast: The domestic ethanol market is expected to operate weakly and stably in the short term. In terms of edible ethanol: Stability is weak, and demand support is insufficient. Based on inventory pressure, price reductions by holders will stimulate shipments. In terms of coal-to-ethanol: Market prices are deadlocked and stable. In terms of absolute ethanol: on-site purchases and sales are flat, and the industry has a strong wait-and-see attitude. Fuel ethanol: The weak atmosphere in the field still exists, and Northeast fuel plants began to reduce production due to shipment resistance.

Raw materials:Corn market prices are stable and weak, and traders are highly motivated to ship. However, terminal downstream demand is limited, market circulation is slow, and spring corn in North China has been continuously listed recently, which has a certain negative impact on the corn market. DDGS prices are stable and weak, demand in the downstream market is poor, and wait-and-see sentiment in the market is strong. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:Huaxing, Mengzhou, Henan Province, was suspended for maintenance; Fukang Line 4 in Meihekou was suspended; Ruiyang, Chifeng, Inner Mongolia, was shut down, and the Hongzhan Bayan factory was shut down for maintenance; Jilin Xintianlong was shut down for maintenance; Heilongjiang Wanli Runda was put into operation across the board, with an expected increase in supply.

Requirements:whiteDemand for wine continues to be weak, and downstream chemical companies just need to replenish their warehouses.

Logistics:Freight prices remain stable.