Ethanol: On October 28, China's ethanol market rebounded slightly

On October 28, the general ethanol price index was 5430, an increase of 3 from the previous working day and a month-on-month increase of 0.06%.

Ethanol market prices in China rebounded slightly today. Hot spots on October 28:1. The Northeast region is running steadily. 2. East China is stabilizing and consolidating. 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, and the market transactions are poor.

Specifically, the Northeast region is operating steadily, 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, and the price of anhydrous corn ethanol is 5,700 - 6,150 yuan/ton. Heilongjiang reference price: general price 4,950 - 5,100 yuan/ton. Jinzhou general reference price is 5,550 - 5,600 yuan/ton. East China is stable and strong, and rising market prices in surrounding areas have boosted prices in East China. 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 waterless price is 6,200 - 6,500 yuan/ton, and the low-end price is lowered by 100 yuan/ton compared with last week. Reference price in southern Jiangsu: The general price is 5,650 - 5,800 yuan/ton, and the low-end price is increased by 50 yuan/ton compared with last week. Shandong reference price: The excellent reference price is 5,500 - 5,700 yuan/ton, and the low-end price is increased by 50 yuan/ton compared with the previous working day. The reference price of cassava waterless is 6,300 - 6,350 yuan/ton. Central China has a narrow upward adjustment, and terminal downstream operators have continued to enter the market just in need of purchasing. Today's reference price in Henan: The premium reference price is 5500 yuan/ton, which is 50 yuan/ton higher than the previous working day. The reference for anhydrous ethanol is 6,200 - 6,250 yuan/ton.

Aftermarket forecast: It is expected that China's ethanol market will stabilize and consolidate in the short term. Edible ethanol: The market price of edible ethanol increased within a narrow range. Market prices rose slightly from Central China to East China, but downstream terminal operators still continued to enter the market just in need of purchasing, and on-site shipments were flat. In terms of absolute ethanol: Some factories have raised their offers, and the trading atmosphere on the floor has been flat. Fuel ethanol: The operation has stabilized for a short period of time, and the local refining industry has a strong wait-and-see attitude. However, the terminal downstream industry just needs to bid to participate and wait for good support from the demand side.

Raw materials:The corn market is operating in turmoil. Affected by the purchase of grain grains in the northeast production area, farmers are more reluctant to sell, and market prices fluctuate within a narrow range. North China is weak and consolidating, and purchases and sales in the grassroots market are gradually becoming active. DDGS prices have been consolidated within a narrow range, and the wait-and-see mood at the downstream end of the terminal remains unchanged. Some alcohol companies have implemented pre-order contracts, coupled with the volatile operation of raw material corn prices, which has supported short-term DDGS prices to a certain extent. The price of dried cassava has been weak and stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:Northeast region: Fukang Lines 2 and 3 in Meihekou are normal, and Line 4 is suspended; Wanli Runda and SDIC Tieling are 80% loaded; Liaoyuan Jufeng has been suspended for a long time; SDIC Jidong has short-term investment. Central China: Huaxing and Houyuan units in Mengzhou, Henan Province are operating in one line; South China: Guangxi COFCO short-term shutdown and Guangxi Xintiande cassava unit production, with no water shutdown; Guangxi Jinyuan shutdown; other units have no 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.