On October 30, the general ethanol price index was 5470, up 43 from the previous working day and 0.79% month-on-month.
Today, China's ethanol market is partially up. Hot spots on October 30:1. The Northeast region adjusted in a narrow range. 2. East China has experienced great stability and small movements. 3. Central China is running steadily. 4. The market price of ethyl acetate in China continues to decline. Major factories in Shandong bid for sales, and the starting price continues to be lowered. The increase on the supply side is significant, and the market operators are more bearish.
Specifically speaking, the Northeast region has a narrow upward adjustment, and the trading atmosphere on the floor is acceptable. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,200 - 5,600 yuan/ton, and the low-end price is increased by 100 yuan/ton compared with the previous working day. The price of waterless 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. The reference price for Jinzhou's general class is 5,600 - 5,600 yuan/ton, and the low-end price is increased by 50 yuan/ton compared with the previous working day. East China has experienced great stability and small changes, and the inquiry atmosphere in the field is still good. 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: The excellent reference price is 5,550 - 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's operations are stabilizing, and terminal downstream operators remain in need of tender participation. Today's reference price in Henan: premium grade reference is 5,450 - 5,500 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: large stability and small changes, the Northeast and East China regions are consolidating operations, and some factories are making upward offers. However, Henan region is stabilizing operations, and terminal downstream operators remain in need of bidding to participate. In terms of absolute ethanol: large stability and small movements, and on-site shipments are slow. In terms of fuel ethanol: The price delivered to the local refining market in Shandong is weak, and the sentiment of sellers is strong. However, the mentality of operators in the market is cautious, and the market remains volatile in the short term under the game of supply and demand.
Raw materials:The corn market is operating in turmoil. Market prices in Northeast China are fluctuating, while market supply in Heilongjiang is insufficient, and market prices have risen slightly. North China continues to be weak, with the overall decline shrinking, and vehicles arriving in front of deep processing remain relatively high. DDGS prices have stabilized, and terminal downstream operators have maintained their need to purchase and enter the market, and the wait-and-see mood remains unchanged. 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.
