On November 5, the general ethanol price index was 5,454.8, maintaining stability.
Today, China's ethanol market is stabilizing. Hot spots on November 5:1. Maintain stability and operation in Northeast China. 2. East China is temporarily stable. 3. Central China is running steadily. 4. The market price of ethyl acetate in China continues to fall. Major factories in Shandong bid for sales, and the starting price continues to be lowered. The market is bearish and the trading atmosphere is weak.
Specifically speaking, the Northeast region is operating stably, there is little pressure on on-site inventory, and the overall shipment is okay. 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 5,050 - 5,100 yuan/ton. Jinzhou general reference price is 5600 yuan/ton. East China is operating steadily for the time being, and the on-site trading atmosphere is good. Reference price in northern Jiangsu: the general price is 5550 yuan/ton, and the waterless reference price is 6,100 - 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 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 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: There is little pressure on the inventory of cargo holders, and the price of raw material corn has increased slightly, supporting the stabilization of market prices and smooth on-site shipments. In terms of absolute ethanol: weak and stable operation, on-site shipments are slow. Fuel ethanol: The bearish sentiment in the market remains unchanged, and the contradiction between supply and demand is difficult to change. In addition, the price of local refining companies in Shandong continues to be lowered, and the market continues to operate in a weak and volatile manner.
Raw materials:The corn market remained volatile. Prices in production areas rebounded slightly, farmers in Northeast China were reluctant to sell, and deep processing companies adjusted purchase prices within a narrow range; corn prices in sales areas were weak, and on-site purchase and sales activities slowed down. DDGS prices are stable and strong. DDGS quotations from alcohol companies have been raised within a narrow range, and traders have flexibly negotiated shipments; the rise in raw material corn prices, coupled with the low inventory of DDGS in some companies, 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: One line of Huaxing plant in Mengzhou, Henan Province is operating; South China: Guangxi Jinyuan is shut down; other plants have no fluctuations.
Requirements:whiteDemand for wine has improved slightly, and downstream chemical companies just need to replenish their warehouses.
Logistics:Freight increased slightly.
