Ethanol: On October 23, China's ethanol market stabilized and moved slightly

On October 23, the general ethanol price index was 5421, maintaining stability.

Today, ethanol market prices in China have stabilized and moved slightly. Hot spots on October 23:1. The Northeast region is organized in a narrow manner. 2. East China is temporarily operating stably. 3. Maintain stability in central China. 4. The market price of ethyl acetate in China is stable. The main factories in Shandong are bidding for sales. The starting price is stable. Market transactions are average. The industry is cautious about the future outlook.

Specifically speaking, the Northeast region is organized within a narrow range and the market transaction atmosphere is limited. 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 5,700 - 6,150 yuan/ton. Heilongjiang reference price: The general price is 4,950 - 5,100 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. 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, and on-site shipments are average. 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 maintains stable operations, and on-site operators are mainly on the sidelines to stabilize prices. 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.

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: The Northeast region fluctuates within a narrow range. The price of raw material corn in the region is weak. It is difficult to find favorable factors to support the cost side. The prices of some cargo holders have been consolidated downward. East China and Central China are operating steadily, and terminal downstream operators continue to purchase and enter the market. In terms of absolute ethanol: The absolute ethanol market is operating weakly and stably, 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:Corn market prices are divided. The Northeast region is operating weakly. As the amount of tide grain increases, corporate purchase prices continue to be under pressure and downward; North China has stabilized after rising. Due to the weather, grassroots corn circulation has been affected by the weather. The arrival volume of deep processing enterprises in front of the door is not large, and some enterprises have stabilized prices after raising prices. DDGS prices have been steadily adjusted. Some alcohol factories have implemented pre-order contracts. The demand from terminal downstream operators has been average, and some traders have flexibly negotiated goods. 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.