Ethanol: On October 12, China's ethanol market stabilized and moved slightly

On October 12th, the price index of general-grade ethanol stabilized at 5518.

Today, the price of ethanol in China's ethanol market has moved steadily. Hot spots on October 12: first, the northeast region is in weak and stable operation. Second, the weak arrangement in East China. Third, the Central China region is operating stably for the time being. Fourth, the market price of ethyl acetate in China is weak and volatile, the main factories in Shandong bid for sales, the starting price is reduced, the industry is more bearish, and the market transaction is not good.

Specifically, the northeast region is weak and stable, the trading atmosphere is poor, and the supplier shipments are general. Today's Jilin reference price: general-grade corn ethanol price 5200-5600 yuan / ton, anhydrous price 5850-6150 yuan / ton. Heilongjiang reference price: general price 5050-5300 yuan / ton. Jinzhou general reference price 5550-5600 yuan / ton. East China is weak, some areas are narrowly down, and the trading atmosphere is poor. Northern Jiangsu reference price: the general price is 5550 yuan / ton, 50 yuan / ton lower than that of the previous working day. The reference price of no water is 6300-6400 yuan / ton. 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 5600 yuan per ton, which is 100 yuan lower than that of the previous working day. The reference price of cassava without water is 6300-6350 yuan / ton, the low-end price is 50 yuan / ton lower than the previous working day, and the high-end price is 100 yuan / ton lower than the previous working day. Central China temporarily stable operation, terminal downstream operators rigid demand to purchase into the market. Today's Henan reference price: excellent reference 5400-5450 yuan / ton, anhydrous ethanol reference 6300-6350 yuan / ton.

Future forecast: it is expected that China's ethanol market will be sorted out in a narrow range in the short term. Edible ethanol: weak finishing, demand side continues to be weak, terminal downstream operators maintain rigid demand to purchase into the market, the trading atmosphere is not good. Coal-to-ethanol: to maintain the range shock, some traders shipping sentiment is strong. Anhydrous ethanol: the anhydrous ethanol market is stable, and the shipment is slow. Fuel ethanol: the price of some parts of the refining market has been reduced recently, and the downstream operators have a strong wait-and-see mood, but the holders are mainly active shippers, and the market price may be weak and stable under the game of supply and demand.

Raw materials:The price of corn market is arranged in a narrow range, and the fluctuation range is limited. Corn prices in Northeast China have stopped falling and maintained stability, and some traders have adjusted prices according to their own conditions, but some traders are still pessimistic; however, corn prices in North China have stabilized operation, the volume of goods arriving in front of deep processing is OK, and mainstream prices have maintained stability. The price of DDGS is stable and weak, and the wait-and-see mood of terminal downstream operators is relatively strong. Recently, the price of raw material corn in individual producing areas has fallen, which is bad for DDGS prices to a certain extent. 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 wine has improved slightly, and the downstream chemical enterprises have a rigid demand for replenishment.

Logistics:Freight rates are gradually stabilizing.