Ethanol: China's ethanol market weakness was sorted out on August 26

On August 26, the general ethanol price index was 5,797.5, down 21.5 from the previous working day and 0.37% month-on-month.

Today, China's ethanol market is weak. Hot spots on August 26:1. Stabilize prices in Northeast China. 2. East China is running steadily. 3. Central China is operating weakly and stably. 4. China's ethyl acetate market price is weak and downward. Shandong's major factories are bidding for sales, and the starting price is lowered. There is a strong wait-and-see mood on the market.

Specifically, prices in the Northeast region have stabilized and consolidated, on-site trading has been flat, and the third line of Fukang has stopped investing. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,550 - 5,650 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. The price of waterless is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: general price 5,350 - 5,500 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 steadily, and terminal downstream demand is performing generally. Pre-holiday stocking is insufficient, and factories are placing orders on demand. 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's operation is weak and stable, terminal purchasing is weak, and high-priced factories are weakening. Henan reference price: The premium price is 5850 yuan/ton, and the high-end price is reduced by 50 yuan/ton compared with the previous working day. The price of waterless is 6650 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to stabilize prices in the short term. In terms of edible ethanol: Stability is weak. Under the influence of high inventories, cargo holders have a strong sentiment to ship. Although stocking has started during the Mid-Autumn Festival, there is still a gap compared with expectations, and the trading atmosphere on the venue is not performing well. In terms of coal-to-ethanol: Market prices are volatile and operating strongly. In terms of anhydrous ethanol: Recently, the supply in waterless fields has been tight, and some cargo holders have intentions to increase prices. Fuel ethanol: Weak and stable operation, poor on-site purchase and sales, and room for further exploration in the main purchase price.

raw materials: Corn market prices fluctuated strongly, and the Northeast region fluctuated within a narrow range. In order to attract goods, some deep processing companies in Heilongjiang slightly increased their purchase prices, which formed a certain support for the market. However, North China is operating strongly. With the decrease of grain sources, traders are more motivated to support prices. DDGS prices fluctuated and consolidated, and terminal downstream operators replenished warehouses on demand. Recently, soybean meal prices fluctuated at a low level. The transaction volume of some alcohol factories improved slightly after price cuts in DDGS. 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 is operating; the entire line of Wanli Runda in Heilongjiang has been put into operation, Xintianlong in Jilin has returned to normal, SDIC Yushu has been put into operation, Meihekou Fukang Line 3 has been shut down, and other equipment has no significant fluctuations.

demand: Demand for liquor continues to be weak, and downstream chemical companies just need to replenish their warehouses.

logistics: Freight prices remain stable.