Ethanol: On October 22, China's ethanol market stabilized

On October 22, the general ethanol price index was 5421, maintaining stability.

Today, the price trend of ethanol market in China is stabilizing. Hot spots on October 22:1. The Northeast region is stable and small. 2. East China is temporarily operating stably. 3. Central China is running steadily. 4. The market price of ethyl acetate in China has stabilized and fluctuated slightly. The main factories in Shandong are bidding for sales. The starting price is stable, the transaction volume is high, and the trading atmosphere is still good.

Specifically speaking, the Northeast region has experienced great stability and small changes, with main factories mainly stabilizing prices. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,100 - 5,600 yuan/ton, the price of anhydrous is 5,700 - 6,150 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. 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 temporarily operating steadily, and downstream terminal operators are not enthusiastic about purchasing. 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: premium reference price is 5,425 - 5,700 yuan/ton, waterless reference price of cassava is 6,300 - 6,350 yuan/ton. Central China is running steadily, and terminal downstream operators just need to bid for participation. Today's reference price in Henan: premium grade reference is 5,350 - 5,400 yuan/ton, anhydrous ethanol reference is 6,200 - 6,250 yuan/ton.

Outlook forecast: It is expected that China's ethanol market will stabilize slightly in the short term. In terms of edible ethanol: The price of raw material corn has shifted downward, and there is no good support on the cost side. The Northeast region is stabilizing and consolidating, with main factories mainly stabilizing prices, and terminal downstream operators maintaining just need to purchase and enter the market. In terms of coal-to-ethanol: Maintain range fluctuations. In terms of absolute ethanol: The absolute ethanol market is operating steadily, and shipments from suppliers are average. Fuel ethanol: Local refining has a strong wait-and-see attitude, and holders are more motivated to ship. However, downstream terminal operators just need to bid to participate, and market prices may remain weak and stable under the supply-demand game.

Raw materials:The center of gravity of corn market prices has shifted downward. The Northeast region is operating in a volatile and weak manner, and deep processing enterprises have increased the arrival of fashionable grains, mainly maintaining low-price purchases; the rainy weather in North China has affected the purchase and sales of corn at the grassroots level. DDGS prices have been consolidated within a narrow range, downstream operators purchase on demand, and the market lacks support from other 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.