On November 1, the general ethanol price index was 5,471.8, an increase of 1.8 from the previous working day and an increase of 0.03% month-on-month.
Today, China's ethanol market is stabilizing and consolidating. Hot spots on November 1:1. The Northeast region is running steadily. 2. East China is temporarily operating stably. 3. Central China has a narrow increase. 4. The market price of ethyl acetate in China is temporarily stable. Major factories in Shandong are bidding for sales, and the starting price remains stable. Terminal downstream operators are mainly in need of purchasing.
Specifically speaking, the Northeast region is operating steadily, and the trading atmosphere on the floor is good. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,200 - 5,600 yuan/ton, and the price of anhydrous corn ethanol is 5,750 - 6,150 yuan/ton. Heilongjiang reference price: general price 5,000 - 5,100 yuan/ton. Jinzhou general reference price is 5600 yuan/ton. East China is temporarily operating steadily, and downstream operators just need to submit for participation. 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: premium reference price 5,550 - 5,700 yuan/ton, waterless reference price 6,300 - 6,350 yuan/ton. Central China has a narrow upward adjustment, and the shipment sentiment of cargo holders is acceptable. Today's Henan reference price: premium reference price is 5,480 - 5,500 yuan/ton, and the low-end price is increased by 30 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: stable and strong, the inventory pressure of the holders is still acceptable, and the trading atmosphere on the market is good. Most of them are mainly to deliver pre-order contracts, and there is still intention to hold prices. In terms of absolute ethanol: large stability and small movements, and on-site shipments are slow. In terms of fuel ethanol: Prices in the local refining market continue to drop, coupled with sufficient supply, holders are more motivated to ship. However, market operators are cautious, and the market remains weak and volatile in the short term under the game of supply and demand.
Raw materials:The corn market is divided. Market prices in Northeast China are stable and strong, and deep processing companies raise prices for acquisitions. Corn market prices in North China continue to be weak, vehicles in front of deep processing companies are still acceptable, and companies continue to reduce purchase prices. DDGS prices have been consolidated within a narrow range. Terminal downstream operators have maintained a need to purchase and enter the market. The wait-and-see attitude remains unchanged. The price of raw material corn in some regions has increased, which has supported 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: The Huaxing plant in Mengzhou, Henan Province is operating on one line; South China: Guangxi COFCO short-term shutdown, Guangxi Xintiande cassava plant production, shut down without water; Guangxi Jinyuan shutdown; other plants 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.
