Ethanol: China's ethanol market was narrowed on August 27

On August 27th, the general-grade ethanol price index was 5797.5, down 17% from the previous working day and 0.29% from the previous working day.

Today, China's ethanol market is arranged in a narrow range. Hot spots on August 27: first, the northeast region is in weak and stable operation. Second, maintain stable operation in East China. Third, narrow arrangement in South China. Fourth, the market price of ethyl acetate in China continues to be weak, the market is full of bad profits at the end of raw materials, and the purchasing efforts at the downstream of the terminal are general.

Specifically, the northeast region is weak and stable, and the on-site shipment is general. Today's Jilin reference price: general-grade corn ethanol price 5550-5650 yuan / ton, anhydrous price 6300-6550 yuan / ton. Heilongjiang reference price: general price 5350-5500 yuan / ton, water-free price 6100-6200 yuan / ton. Jinzhou general reference price 5850-5900 yuan / ton. East China is in stable operation, the purchase and sale in the field is slow, and the factory is ordered according to demand. Northern Jiangsu reference price: general price 5900 yuan / ton, anhydrous reference price 6500-6600 yuan / ton. Anhui reference price: general price 5850-5900 yuan / ton, water-free price 6650 yuan / ton. Southern Jiangsu reference price: general price 6000 yuan / ton. The South China area is arranged in a narrow range, and the trading atmosphere is not good. Guangdong Dongguan reference price: the general price is 6200-6250 yuan / ton, the low-end price is 100 yuan / ton lower than the previous working day, and the high-end price is 200 yuan / ton lower than the previous working day. Guangxi reference price: cassava anhydrous price 6600-6700 yuan / ton, the low-end price is 100 yuan / ton lower than the previous work. The price of 95% molasses is 6000-6250 yuan / ton, and the low-end price is 200 yuan / ton lower than that of the previous working day.

Future forecast: it is expected that China's ethanol market will be weak in the short term. Edible ethanol: weak operation, limited cost-side support, strong wait-and-see mood in the field, and high inventory lower sub-sector bearish mainly. In the aspect of coal-to-ethanol: the market price shock is strong. In terms of anhydrous ethanol: recently, the supply in the anhydrous field has maintained a tight balance, and some factories are reluctant to sell at low prices. Fuel ethanol: weak finishing, on-site purchase and sale is not smooth, the main purchase price further downward, bearish holder price sentiment.

Raw materials:The price of corn market is stable and strong. Due to the narrow concussion in Northeast China, affected by the weather and rising futures prices, the mentality of traders has improved slightly, and quotations have been slightly raised; North China has continued to operate steadily and strongly, and traders' intention to raise prices has increased, coupled with the impact of overcast and rainy weather, the volume of goods arriving in front of deep processing doors has remained low, and some deep processing enterprises continue to raise prices to promote income. The price of DDGS is stable, the terminal downstream operators replenish the stock on demand, and the wait-and-see mood is strong. After the price reduction of DDGS in some alcohol factories, the transaction situation increases slightly, which supports the short-term DDGS price. The price of dried cassava remains stable in the near future, and the cost of cassava alcohol is relatively stable.

Supply:Henan Mengzhou Huaxing plant a line operation, Jilin Xintianlong returned to normal, the state investment elm has been fed; Anhui COFCO fuel has been shut down, Guotou Tieling or storage shutdown plan, Meihekou Fukang line 3 shutdown, other devices have no obvious fluctuation.

Demand:WhiteThe demand for alcohol continues to be weak, and downstream chemical enterprises have a rigid demand for replenishment.

Logistics:Freight prices remain stable.