Ethanol: On October 8, China's ethanol market weakened and consolidated

On October 8th, the general-grade ethanol price index was 5521, down 198.9 from the previous working day and 3.48 per cent from the previous working day.

Today, the price of ethanol in China continues to be weak. October 8 hot spots: first, the northeast region is weak and down-regulated. Second, the weak arrangement in East China. Third, the weak downward trend in Central China. Fourth, the price of ethyl acetate in China has risen steadily, and the main factories in Shandong have competed for sales, the starting price has risen slightly, the downstream rigid demand has been purchased, and the premium has reached a good deal.

Specifically, the northeast region is weak, and the support of demand in the field is not good. Today's Jilin reference price: the price of general-grade corn ethanol is 5200-5300 yuan / ton, and the low-end price is 330yuan / ton lower than that of the previous working day. The price of no water is 5900-5950 yuan / ton, the low-end price is 300 yuan / ton lower than the previous working day, and the high-end price is 450 yuan / ton lower than the previous working day. Heilongjiang reference price: general price 5200-5400 yuan / ton. Jinzhou general reference price 5550-5600 yuan / ton, 300 yuan / ton lower than the previous working day. The weak arrangement in East China, the enthusiasm of the terminal downstream operators to enter the market is not high, and the on-site shipment is not good. Northern Jiangsu reference price: general price 5750 yuan / ton, anhydrous reference price 6400-6600 yuan / ton. Anhui reference price: the general price is 5650-5750 yuan / ton, and the low-end price is 100 yuan / ton lower than the previous working day. The price of no water is 6450-6500 yuan / ton. Southern Jiangsu reference price: the general price is 5800-5900 yuan / ton, and the low-end price is 50 yuan / ton lower than the previous working day. Shandong reference price: the general reference price is 5450-5470 yuan / ton, and the low-end price is 50 yuan / ton lower than the previous working day. The reference price of cassava anhydrous is 6450-6600 yuan / ton. Central China is weak downside, on-site quotation is down. Today's Henan reference price: excellent reference 5450-5500 yuan / ton, 100 yuan / ton lower than the previous working day. Anhydrous ethanol refers to 6400 yuan / ton, 50 yuan / ton lower than the previous working day.

Future forecast: it is expected that China's ethanol market will be weak in the short term. In terms of ethanol consumption, the market price of ethanol fell due to the lacklustre demand during the holiday period and abundant spot supply. Coal-to-ethanol: to maintain the range shock, some traders shipping sentiment is strong. In terms of anhydrous ethanol: the anhydrous ethanol market moves steadily, and the downstream operators have a rigid demand for replenishment before and after the double section. Fuel ethanol: stable finishing, terminal downstream operators rigid demand procurement, the market transaction atmosphere is general, the market bearish mood remains the same.

Raw materials:Corn market prices are mixed, and market prices are arranged in a narrow range. During the National Day holiday, with the joint supply of new grain and old grain to the market, the market price fell, there were fewer transactions in the sales area during the holiday, and the downstream enterprises were cautious. The price of DDGS is stable, and most downstream operators use it whenever they want, and some alcohol enterprises carry out pre-order contracts during the festival. The price of dried cassava is weak and stable in the near future, and the cost of cassava alcohol is relatively stable.

Supply:The Huaxing plant in Mengzhou, Henan province is in operation, while the Huating plant in Jiangsu is half-produced; the cassava plant in Xintiande, Guangxi, is produced without water; the fuel of Anhui COFCO has been shut down, and the load of Tieling is 80%; the second and third line of Fukang in Meihekou is restored, and the fourth line is stopped; other devices have no obvious fluctuation for the time being.

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

Logistics:The freight is slightly lower than before the festival.