Ethanol: On October 21, China's ethanol market was stable and strong
On October 21, the general ethanol price index was 5421, an increase of 3 from the previous working day and a month-on-month increase of 0.06%.
Today, ethanol market prices in China are stable and strong. Hot spots on October 21:1. The Northeast region is operating steadily. 2. East China has experienced great stability and small movements. 3. Central China has a narrow increase. 4. The market price of ethyl acetate in China is stable. Major factories in Shandong are bidding for sales. The starting price is stable, the transaction volume is flat, and the trading atmosphere is limited.
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 has stabilized but moved slightly, and Shandong's low-end factory quotations have increased within a narrow range. 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 premium reference price is 5,425 - 5,700 yuan/ton, and the low-end price is increased by 25 yuan/ton compared with last week. The reference price of cassava waterless is 6,300 - 6,350 yuan/ton. Central China has a narrow upward adjustment, and terminal downstream operators continue to need procurement. Today's Henan reference price: premium reference price is 5,350 - 5,400 yuan/ton, an increase of 50 yuan/ton from last week. The reference for anhydrous ethanol is 6,200 - 6,250 yuan/ton.
Aftermarket outlook forecast: It is expected that China's ethanol market will be consolidated within a narrow range in the short term. In terms of edible ethanol: Stabilizing and consolidating, the prices of major factories in Northeast China are mainly stable, some factories in Henan have slightly increased, and terminal downstream operators have maintained their main purchasing needs. In terms of coal-to-ethanol: Maintain range fluctuations. In terms of absolute ethanol: The absolute ethanol market is operating weakly and steadily, and on-site shipments are slow. Fuel ethanol: Local refining has a strong wait-and-see attitude, and cargo holders are more motivated to ship. Under the supply-demand game, market prices may remain weak and stable.
Raw materials:Corn market prices are divided. The Northeast region is experiencing weak shocks, with loose on-site supplies, and mainly maintaining low-price purchases; the North China region is experiencing strong shocks, and the arrival of deep-processed corn remains low, and corn prices of deep-processing enterprises continue to increase. DDGS prices have been adjusted within a narrow range, downstream operators purchase on demand, and the market lacks obvious positive factors to support them. 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.
