On August 14, the general ethanol price index was 5,840.5, maintaining stability.
Today, the domestic ethanol market is operating weakly and steadily. Hot spots on August 14:1. Stabilize prices in Northeast China. 2. East China is temporarily operating stably. 3. Maintain stability in central China. 4. The domestic market price of ethyl acetate continues to be weak. Major factories in Shandong bid for sales, and the starting price has been lowered widely. Transactions have been sluggish, and there are still low-priced sources in the surrounding areas.
Specifically speaking, the Northeast region has stabilized prices and consolidated, the demand side has performed generally, 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. The price of electronic grade waterless is 6200 yuan/ton, which is 50 yuan/ton lower than the previous working day. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. East China is temporarily operating steadily. East China purchases today, paying attention to market price changes, and factories have a strong sentiment towards shipment. Reference price in northern Jiangsu: the general price is 5900 yuan/ton, and the waterless reference price is 6,500 - 6,600 yuan/ton. Anhui reference price: general price 5,850 - 5,900 yuan/ton, waterless price 6650 yuan/ton. Reference price in southern Jiangsu: general price is 6,000 - 6,200 yuan/ton. Central China maintains stable operation, with main factory supplies maintaining one line of production, and factories mainly stabilizing prices. 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: Weak and stable operation, the operating rate in Northeast China dropped this week, but the starting rate will gradually pick up next week. Under the influence of negative supply, it is not ruled out that holders will cut prices and give priority to delivery of goods. In terms of coal-to-ethanol: Market prices are deadlocked and stable. In terms of anhydrous ethanol: The short-term supply of waterless spot goods in Northeast China is tight, with orders being shipped mainly. Waterless prices in northern Jiangsu remain stable today after adjustment. Fuel ethanol: Market prices are stable and wait and see. Local refining prices are close to the cost line. There is limited room for further price cuts. The main purchase prices are mainly bearish in the short term.
Raw materials:Corn market prices are weak, downstream companies 'profits are poor, deep processing companies continue to start at low levels, some companies have stopped harvesting, and overall demand is weak. DDGS prices are operating weak, downstream market demand is poor, the market lacks obvious positive factors to support, and the recent decline in soybean meal prices is negative to DDGS prices to a certain extent. 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 Xintianlong, Jilin, was shut down for maintenance; Wanli Runda, Heilongjiang, was put into operation across the entire line, with an expected increase in supply.
demand: Demand for liquor continues to be weak, and downstream chemical companies just need to replenish their warehouses.
Logistics:Freight prices remain stable.
