Ethanol: On October 9, China's ethanol market was narrowed

On October 9th, the price index of general-grade ethanol stabilized at 5521.

Today, the price of ethanol in China's market is in a narrow range. October 9 hot spots: first, the northeast region of weak consolidation. Second, the East China region moves steadily and slightly. Third, the central China region tends to operate steadily. Fourth, the market price of ethyl acetate in China is stable, the main factory in Shandong is competitive, the starting price is stable, the purchase of rigid demand downstream is good, and the factory transaction is smooth.

Specifically, the northeast region is weak, and the trading atmosphere is general. Jilin reference price today: the price of general-grade corn ethanol is 5200-5600 yuan / ton, and the high-end price is 300 yuan / ton higher than that of the previous working day. The price of no water is 5850-6150 yuan / ton, the low-end price is 50 yuan / ton lower than the previous working day, and the high-end price is 200 yuan / ton higher than the previous working day. Heilongjiang reference price: general price 5200-5400 yuan / ton. Jinzhou general reference price 5550-5600 yuan / ton. East China has moved steadily and slightly, with a narrow range of market prices in some regions and light turnover on the market. Northern Jiangsu reference price: the general price is 5650 yuan / ton, which is 100 yuan / ton lower than that of the previous working day. The reference price of no water is 6300-6400 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. Anhui reference price: general price 5650-5750 yuan / ton, water-free price 6450-6500 yuan / ton. Southern Jiangsu reference price: general price 5800-5900 yuan / ton. Shandong reference price: the general reference price is 5450 yuan / ton, and the high-end price is 20 yuan / ton lower than that of the previous working day. The reference price of cassava without water is 6350-6450 yuan / ton, the low-end price is 100 yuan / ton lower than the previous working day, and the high-end price is 150 yuan / ton lower than the previous working day. Central China tends to operate steadily, and the terminal downstream operators have a rigid demand to purchase and enter the market. Today's Henan reference price: excellent reference 5450-5500 yuan / ton, anhydrous ethanol reference 6400 yuan / ton.

Future forecast: it is expected that China's ethanol market will be sorted out in a narrow range in the short term. In terms of edible ethanol: the recovery of the demand side after the festival is slow, the trading atmosphere is poor, the shipments in various regions are not smooth, and the market price is weak. Coal to ethanol: weak finishing, some traders have a strong mood of shipping. Anhydrous ethanol: the anhydrous ethanol market moves steadily, and the shipment is slow. Fuel ethanol: temporarily stable operation after falling, terminal downstream operators rigid demand procurement, general market transaction atmosphere, strong wait-and-see mood in the field.

Raw materials:The price of corn market is mixed, and the fluctuation range slows down. Corn prices in Northeast China have become weak and stable, and the volume of goods arriving in front of deep processing has increased, maintaining low-price acquisitions; however, corn prices in North China have generally risen, most of the corn has been harvested in the field, and the market supply pressure has gradually weakened. The price of DDGS is stable and weak, the purchasing enthusiasm of terminal downstream operators is poor, and some traders are flexible in bargaining and shipping. Recently, the price of dried cassava tends to be stable, 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, has been produced without water; Anhui COFCO fuel has been shut down; 80% of the load in Tieling, Guotou; the second and third line of Fukang in Meihekou has been restored, and the fourth line has been suspended; other devices have not fluctuated significantly for the time being.

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

Logistics:Freight rates are gradually stabilizing.