Ethanol: China's ethanol market weakness was sorted out on September 9

On September 9, the general ethanol price index was 5,773.7, maintaining stability.

Today, China's ethanol market is weak. Hot spots on September 9:1. The Northeast region maintains stable operation. 2. Consolidating the weaknesses in East China. 3. Stabilizing prices is the main focus in Central China. 4. The market price of ethyl acetate in China is stable and consolidated. Major factories in Shandong are bidding for sales. The starting price is stable. The market transaction is good, and a small amount of transactions are sold at a premium.

Specifically, the Northeast region is operating steadily, and the big factory has not yet made a quotation today. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,530 - 5,650 yuan/ton. 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 weak, while prices in northern Jiangsu fluctuate within a narrow range. Reference price in northern Jiangsu: The general price is 5850 yuan/ton, and the high-end price is reduced by 20 yuan/ton compared with the previous working day. The reference price for waterless is 6,550 - 6,700 yuan/ton, the reference price for Anhui is 5,850 - 5,900 yuan/ton, and the price for waterless is 6650 yuan/ton. Reference price in southern Jiangsu: general price is 6000 yuan/ton. Shandong reference price: The general reference price is 5,730 - 5,800 yuan/ton, and the low-end price is reduced by 20 yuan/ton compared with the previous working day. Central China is mainly stable in prices, and downstream terminal purchases are stable. Today's Henan reference price: premium grade reference is 5880 yuan/ton, anhydrous ethanol reference is 6650 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to stabilize prices in the short term. In terms of edible ethanol: It is organized within a narrow range, with terminal downstream operators purchasing and entering the market on demand, and the main factories in the region are mainly short-term consumption order contracts. 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 maintained a tight balance, with downstream procurement mainly on demand, and the holders still have the intention to increase prices. In terms of fuel ethanol: The main focus is to stabilize prices and wait and see, and the downstream of the terminal purchases on demand. Pre-holiday stocking and replenishment will provide some support for the market. Holders are cautious in shipping.

Raw materials:Corn market prices are weakening. The Northeast region is weak. As the source of high-quality grain in the market gradually decreases, there is limited room for further decline. DDGS prices have been adjusted within a narrow range. Some alcohol factories have implemented preliminary contracts, and terminal downstream users purchase on demand. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:One line of Huaxing plant in Mengzhou, Henan Province is in operation, Jilin Xintianlong has returned to normal, SDIC Yushu has been put into operation; Anhui COFCO fuel has been shut down, SDIC Tieling may have planned to shut down, Meihekou Fukang Line 3 has been shut down, 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.