Ethanol: On November 4, China's ethanol market stabilized and moved slightly

On November 4, the general ethanol price index was 5,454.8, down 17 from the previous working day and 0.31% month-on-month.

Today, China's ethanol market is stable and moving slightly. Hot spots on November 4:1. Maintain stability and operation in Northeast China. 2. East China has experienced great stability and small movements. 3. Central China is temporarily operating stably. 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 continues to be lowered. Market transactions are poor, and small orders are mainly purchased.

Specifically, the Northeast region is operating stably and the on-site trading atmosphere 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 has experienced great stability and small changes, and shipments of anhydrous ethanol are average. Reference price in northern Jiangsu: the general price is 5550 yuan/ton, the waterless reference price is 6,100 - 6,250 yuan/ton, and the low-end price is lowered by 100 yuan/ton compared with the previous working day. 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 is running steadily, and the inquiry atmosphere on the site is good. Today's reference price in Henan: premium grade reference is 5,480 - 5,500 yuan/ton, anhydrous ethanol reference is 6,200 - 6,250 yuan/ton.

Aftermarket forecast: It is expected that China's ethanol market will remain volatile in the short term. In terms of edible ethanol: The overall operation is stable and local areas are organized within a narrow range. The Northeast region maintains stable operations, and the holders intend to maintain prices; in East China, the on-site delivery is still acceptable, and the terminal downstream operators maintain their just need to purchase and enter the market. In terms of absolute ethanol: weak and stable operation, on-site shipments are average. Fuel ethanol: Market operators are cautious and wait-and-see. In addition, the supply side is still relatively sufficient, and the market's positive support is limited. Fuel ethanol is expected to remain weak and volatile.

Raw materials:The corn market is divided. Corn prices in Northeast China have risen and fallen, and farmers are still reluctant to sell; North China has stabilized its operations, with the arrival volume of deep processing enterprises gradually decreasing, and the prices of some enterprises have increased within a narrow range over the weekend. DDGS prices have been consolidated within a narrow range. Some alcohol companies have mainly implemented pre-order contracts. The wait-and-see mood 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.