Ethanol: China's ethanol market operated weakly and steadily on August 21

On August 21, the general ethanol price index was 5822, maintaining stability.

Today, China's ethanol market is operating weakly and steadily. Hot spots on August 21:1. Stabilize prices in Northeast China. 2. East China is running steadily. 3. Maintain stability in central China. 4. The price of ethyl acetate in China is stable and weak. The main factories in Shandong are bidding for sales, and the starting price has stabilized. The transaction atmosphere is average, and the operators are cautious.

Specifically, prices have been stabilized in the Northeast region, and inventories in Heilongjiang are on the high side. Today's slight reduction has stimulated shipments. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,600 - 5,650 yuan/ton, and the price of anhydrous corn ethanol is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: The general price is 5,350 - 5,500 yuan/ton, which is 50 yuan/ton lower than the previous working day. The price of waterless is 6,100 - 6,200 yuan/ton. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. East China's operation is stabilizing, and cargo holders have a strong shipment sentiment, but terminal downstream demand is average. 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 has maintained stable operation, poor demand support, and flat factory orders. Henan reference price: premium price is 5900 yuan/ton, waterless price is 6650 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to be weak in the short term. In terms of edible ethanol: Stability is weak, shipments in various regions are weak, and downstream terminal operators are cautious in entering the market. Coupled with the expected increase in supply, the market atmosphere is negative. In terms of coal-to-ethanol: Market prices remain volatile in range. In terms of absolute ethanol: The market is running steadily, on-site demand support is poor, and there are few real orders sold. In terms of fuel ethanol: The main focus is to stabilize prices. The factory mainly delivers main order contracts and waits for Bayan's products to be produced. The shareholders are more interested in shipping.

Raw materials:Corn market prices are mixed, with on-site trading atmosphere in Northeast China weak and wait-and-see sentiment strong; however, prices in North China have increased slightly, and purchases and sales in sales areas have been relatively flat. The price of DDGS is stable and consolidated, and downstream warehouses are replenished on demand. There is no significant increase in demand in the terminal market. The wait-and-see mood in the market is strong. Some alcohol factories have recovered, and the spot supply of DDGS is expected to increase. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:One line of Huaxing equipment in Mengzhou, Henan Province was in operation; the entire line of Wanli Runda in Heilongjiang Province was put into operation, and Xintianlong in Jilin Province returned to normal. This week, production of Fukang Line 4 in Meihekou and SDIC Yushu equipment resumed. The supply is expected to increase, and there is no significant fluctuation in other equipment.

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

Logistics:Freight prices remain stable.