Ethanol: On August 16, the domestic ethanol market stabilized

On August 16, the general ethanol price index was 5,843.5, maintaining stability.

Today, the domestic ethanol market is running steadily. Hot spots on August 16:1. Stabilize prices in Northeast China. 2. East China is operating weakly and steadily. 3. Maintain stability in central China. 4. The domestic market price of ethyl acetate continues to fall. Major factories in Shandong bid for sales, and the starting price continues to be lowered, resulting in a high volume of market transactions.

Specifically, the Northeast region has stabilized prices, with average performance on the demand side, and weak real orders. 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 is operating weakly and steadily, and cargo holders have strong shipping sentiments, but terminal downstream demand continues to be weak. 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 6000 yuan/ton. Central China maintains stable operation, purchases on demand at the downstream end of the terminal, and mainly stabilizes prices for cargo holders. Henan reference price: premium price is 5900 yuan/ton, waterless price is 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, there is room for negotiation on large orders from large factories in Northeast China, and there is a strong sentiment for shipment under high inventories. Recently, terminal purchase prices have declined, and bearish cargo holders have a positive attitude.

In terms of coal-to-ethanol: Market prices are deadlocked and stable. In terms of absolute ethanol: market fluctuations are limited, on-site supply remains in a tight balance, and downstream terminals are purchased on demand. In terms of fuel ethanol: The main supply and demand side is weak, and downstream purchases are on demand. However, local refining may be driven by the price increase of coal-based factories. There is an expectation of an increase in the settlement price, but the fluctuation range is limited.

Raw materials:The corn market price is weak, and deep processing companies continue to lower prices for purchases. The market is bearish, and the supply of grain sources on the market is sufficient, so traders give priority to shipment. 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, suspended maintenance; Meihekou Fukang Line 4 was suspended; Heilongjiang Wanli Runda was put into operation across the entire line, Jilin Xintianlong resumed feeding. Supply is expected to increase, and other devices have no significant fluctuations.

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

Logistics:Freight prices remain stable.