On October 14, the general-grade ethanol price index was 5495, down 23% from the previous working day and 0.42% from the previous working day.
Today, China's ethanol market continues to be weak. October 14 hot spots: first, the weak consolidation of the northeast region. Second, the East China region moves steadily and slightly. Third, the central China region is narrowly downgraded. Fourth, the price of ethyl acetate in China is weak and downward, the main factories in Shandong are bidding for sales, the starting price is reduced, the rigid demand is mainly bought, and the transaction atmosphere is poor.
Specifically, the northeast region is weak, the demand support is not good, and the on-site shipment is slow. Today's Jilin reference price: general-grade corn ethanol price 5200-5600 yuan / ton, anhydrous price 5800-6150 yuan / ton, low-end price down 50 yuan / ton compared with the previous working day. Heilongjiang reference price: general price 5000-5100 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 lower than the previous working day. Jinzhou general reference price is 5500-5600 yuan / ton, and the low-end price is 50 yuan / ton lower than that of the previous working day. East China moves steadily and slightly, with a narrow drop in some areas and a poor trading atmosphere on the floor. Northern Jiangsu reference price: general price 5550 yuan / ton, anhydrous reference price 6300-6400 yuan / ton. Anhui reference price: the general price is 5600-5750 yuan / ton, and the low-end price is 50 yuan / ton lower than the previous working day. The price of no water is 6400-6500 yuan / ton, and the low-end price is 50 yuan / ton lower than that of the previous working day. Southern Jiangsu reference price: general price 5750-5900 yuan / ton. Shandong reference price: general reference price 5600 yuan / ton. The reference price of cassava anhydrous is 6300-6350 yuan / ton. In central China, there is a narrow downward adjustment, and the on-site shipments are general. Today's Henan reference price: excellent reference 5300-5350 yuan / ton, the low-end price is 100 yuan / ton lower than the previous working day, and the high-end price is 100 yuan / ton lower than the previous working day. Anhydrous ethanol refers to 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, some traders still have shipping pressure, but the terminal downstream operators wait and see mood is strong, the contradiction between supply and demand is difficult to change in a short time, the market price may continue to be weak. 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 continued to decline, the terminal downstream operators maintained a rigid demand to purchase into the market, and the bearish mood remained on the market.
Raw materials:The corn market price is strong as a whole and weak in part. The northeast region corn price shock movement, the tide grain market increases, the deep processing door arrives the quantity to raise the market, maintains the low price purchase. The purchase volume of grass-roots grain outlets in North China is general, the market supply remains tight, and downstream enterprises sort out the prices in a narrow range according to the volume of arrival. DDGS prices are stable and weak, terminal downriver operators buy into the market on demand, individual alcohol factories implement pre-order contracts, the market wait-and-see mood is strong. 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.
