Ethanol: On October 18, China's ethanol market remained stable

On October 18, the general ethanol price index was 5418, maintaining stability.

Ethanol market prices in China are stable today. Hot spots on October 18:1. The Northeast region is operating steadily. 2. East China is temporarily operating stably. 3. Maintain stability in Central China. 4. The market price of ethyl acetate in China is operating stably. Major factories in Shandong are bidding for sales, and the starting price is stable. Market transactions continue to increase in volume, and some of them just need to be replenished.

Specifically speaking, the Northeast region is operating steadily, with cargo holders mainly stabilizing prices. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,100 - 5,600 yuan/ton, and the price of anhydrous corn ethanol is 5,750 - 6,150 yuan/ton. Heilongjiang reference price: general price 5,000 - 5,100 yuan/ton. Jinzhou general reference price is 5,550 - 5,600 yuan/ton. East China is operating steadily for the time being, and downstream operators are cautiously waiting and waiting to enter the market. Reference price in northern Jiangsu: the general price is 5550 yuan/ton, and the waterless reference price is 6,200 - 6,250 yuan/ton. Anhui reference price: general price 5,500 - 5,600 yuan/ton. The price of waterless is 6,400 - 6,500 yuan/ton. Reference price in southern Jiangsu: general price is 5,600 - 5,800 yuan/ton. Shandong reference price: The general reference price is 5600 yuan/ton. The reference price of cassava waterless is 6,300 - 6,350 yuan/ton. Central China has maintained stable operation and the stabilization of corn prices will provide certain support for the market. Today's reference price in Henan: premium reference price is 5,300 - 5,350 yuan/ton. The reference for anhydrous ethanol is 6300-6350 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to operate weakly and stably in the short term. In terms of edible ethanol: Holders mainly stabilize prices, and the stabilization of raw material corn prices has certain support for the market. Some of them have stabilized after falling. In terms of coal-to-ethanol: Maintain range fluctuations. In terms of absolute ethanol: The absolute ethanol market is operating weakly and stably, with on-site shipments being average. In terms of fuel ethanol: Downstream operators remain in need of bidding to participate, and holders still have shipment sentiments. Under the supply-demand game, the fuel ethanol market may remain weak and stable.

Raw materials:Corn market prices are adjusted within a narrow range. The Northeast region is experiencing weak shocks, with loose on-site supplies. New and old grains are jointly supplied to the market, and traders have slightly lowered prices to stimulate shipments; North China is experiencing strong shocks, and the market supply is relatively stable. DDGS prices have stabilized, downstream operators have a strong wait-and-see attitude, and the market lacks obvious positive factors. The price of dried cassava has been weak and stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:Huaxing and Houyuan units in Mengzhou, Henan Province are operating on one line, and Huaying units in Jiangsu Province are in semi-production; Cassava units in Xintiande in Guangxi are shut down without water; Jinyuan in Guangxi is shut down; COFCO in Guangxi is shut down; SDIC Tieling has 80% load; The second and third lines of Fukang in Meihekou have been restored, and the fourth line has been suspended; other devices have no significant fluctuations.

Requirements:whiteDemand for wine has improved slightly, and downstream chemical companies just need to replenish their warehouses.

Logistics:Freight charges from Northeast China to Shandong increased.