Ethanol: On September 25, China's ethanol market stabilized and moved slightly

On September 25, the general ethanol price index was 5,739.9, maintaining stability.

Today, ethanol market prices in China have stabilized and moved slightly. Hot spots on September 25:1. Consolidation of weaknesses in Northeast China. 2. East China is operating weakly and steadily. 3. Central China is running steadily. 4. The market price of ethyl acetate in China continues to rise. Major factories in Shandong bid for sales, and the starting price continues to increase. The premium transaction situation is still acceptable.

Specifically speaking, the Northeast region is in a weak position and the on-site demand support is poor. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,530 - 5,650 yuan/ton, and the price of anhydrous is 6,250 - 6,400 yuan/ton. Heilongjiang reference price: The general price is 5,200 - 5,400 yuan/ton, and the low-end price is reduced by 100 yuan/ton compared with the previous working day. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. East China is operating weakly and steadily, with terminal downstream operators just needing to purchase and enter the market, and the Shandong region is down within a narrow range. Reference price in northern Jiangsu: the general price is 5750 yuan/ton, and the waterless reference price is 6,400 - 6,600 yuan/ton. Anhui reference price: general price 5,800 - 5,850 yuan/ton, waterless price 6,500 - 6,550 yuan/ton. Reference price in southern Jiangsu: general price 5,950 - 6,100 yuan/ton. Shandong reference price: The general reference price is 5,500 - 5,650 yuan/ton, and the high-end price is reduced by 50 yuan/ton compared with the previous working day. The reference price of cassava waterless is 6,450 - 6,600 yuan/ton. Central China's operations are stabilizing, and terminal downstream operators remain in need of tender participation. Today's reference price in Henan: premium grade reference is 5,600 - 5,650 yuan/ton, anhydrous ethanol reference is 6450 yuan/ton.

Aftermarket outlook forecast: It is expected that China's ethanol market will stabilize after falling in the short term. In terms of edible ethanol: The price of raw material corn continues to fall due to the impact of the listing of new grains. The price of edible ethanol is operating weakly and steadily, and the market operators have a strong wait-and-see attitude. In terms of coal-to-ethanol: Maintain range fluctuations. In terms of absolute ethanol: The absolute ethanol market has stabilized and moved slightly, with poor performance on the demand side and slow on-site shipments. In terms of fuel ethanol: The market price of fuel ethanol has stabilized, and the market remains in need of procurement and shipment.

Raw materials:Corn market prices continue to be weak. The listing of new grains impacted the market. Deep processing companies announced that they would buy trendy grains, but the quotations were low. The prices of old grains fell simultaneously, and traders were reluctant to sell them at low prices. DDGS prices have been arranged in a narrow range. Some alcohol companies have implemented pre-order contracts. In addition, alcohol companies have relatively small DDGS inventories, which accounts for the price of DDGS to a certain extent. 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 has 80% load; Meihekou Fukang Line 4 is normal, 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 charges from Northeast China to Shandong increased.