Ethanol: On November 6, China's ethanol market was stable and strong

On November 6, the general ethanol price index was 5,476.3, an increase of 21.5 from the previous working day and an increase of 0.39% month-on-month.

Today, China's ethanol market is stable and strong. Hot spots on November 6:1. The Northeast region adjusted in a narrow range. 2. East China is running steadily. 3. Central China is operating steadily. 4. The market price of ethyl acetate in China fell widely. Major factories in Shandong bid for sales, and the starting price continued to be lowered. The downstream cautious wait-and-see attitude was strong, and buying follow-up was limited.

Specifically, the Northeast region has been organized within a narrow range, and Jilin Dachang's offer price increased slightly this week. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,250 - 5,600 yuan/ton, and the low-end price is increased by 50 yuan/ton compared with the previous working day. The waterless price is 5,800 - 6,150 yuan/ton, which is 50 yuan/ton higher than the previous working day. Heilongjiang reference price: general price 5,050 - 5,100 yuan/ton. Jinzhou general reference price is 5600 yuan/ton. East China is running steadily, and the trading atmosphere on the field is still 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 operating 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.

Outlook forecast: It is expected that China's ethanol market will stabilize slightly in the short term. In terms of edible ethanol: The price of raw material corn has recently fluctuated, giving limited support to the ethanol market; however, there is not much pressure on on-site inventories, and the inquiry atmosphere is acceptable. In terms of absolute ethanol: large stability and small movements, and on-site shipments are slow. In terms of fuel ethanol: The bearish sentiment remains on the market, and the price of local refining in Shandong is still weak. Under the game of supply and demand, the market continues to operate in a weak and volatile manner.

Raw materials:The corn market is volatile and weak. Affected by rainy weather in Northeast China, corn moisture increased, and traders 'shipment prices adjusted within a narrow range. The number of vehicles arriving in Shandong increased, and on-site purchases and sales were slow. The price of DDGS has stabilized, and the wait-and-see mood in the market has not diminished. Some alcohol companies have implemented pre-order contracts, but alcohol companies still have the intention to hold prices. 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.