On October 29, the general ethanol price index was 5427, down 3 from the previous working day and 0.06% month-on-month.
Today, China's ethanol market is stable and moving slightly. Hot spots on October 29:1. The Northeast region is stable and small. 2. East China is temporarily operating stably. 3. Central China has a narrow downward adjustment. 4. The market price of ethyl acetate in China is weak and downward. Major factories in Shandong are bidding for sales, and the starting price has been lowered widely. The supply side has recovered as scheduled, and there is a shortage of spot follow-up.
Specifically, the Northeast region has experienced great stability and minor changes, and some factories have raised their offers. 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 5,000 - 5,100 yuan/ton, and the low-end price is increased 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 terminal downstream operators continue to purchase and 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 6,200 - 6,500 yuan/ton. Reference price in southern Jiangsu: general price 5,650 - 5,800 yuan/ton. Shandong reference price: Excellent reference price is 5,500 - 5,700 yuan/ton. The reference price of cassava waterless is 6,300 - 6,350 yuan/ton. Central China has a narrow decline, and on-site shipments have slowed down. Today's reference price in Henan: premium reference price is 5,450 - 5,500 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. 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: On-site market prices showed a divergence between ups and downs. Some factories in Heilongjiang and Jilin raised their offers, but Henan fell within a narrow range. Terminal downstream operators continued to need to purchase and enter the market, and on-site shipments were relatively stable. In terms of absolute ethanol: large stability and small movements, and on-site shipments are slow. In terms of fuel ethanol: It maintained a volatile operation for a short period of time, and the delivery price in the Shandong local refining market showed weakness, but the downstream operators of the terminal were cautiously waiting to enter the market.
Raw materials:The corn market is operating in turmoil. Market prices in Northeast China have risen and fallen. As new grains continue to be listed, transaction prices have remained low. Farmers are still reluctant to sell, and the number of transactions on the market is limited. North China continues to be weak, with vehicles in front of deep processing enterprises at a high level, and overall supply is relatively loose. DDGS prices have been steadily rising, and the wait-and-see attitude at the downstream end of the terminal remains unchanged. Traders have flexibly raised their quotations, and downstream players just need to bid to participate. 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.
