On November 11, the general ethanol price index was 5,471.5, down 4.8 from the previous working day and 0.09% month-on-month.
Today, China's ethanol market is consolidated in a narrow range. Hot spots on November 11:1. Maintain stability and operation in Northeast China. 2. Narrogantly organized in East China. 3. Central China has a narrow downward adjustment. 4. The market price of ethyl acetate in China has increased within a narrow range. Major factories in Shandong have competitive sales, the starting price has continued to increase, and downstream replenishment purchases have been made in stages.
Specifically speaking, the Northeast region maintains stable operation, and terminal downstream operators maintain just need to purchase and enter the market. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,250 - 5,600 yuan/ton, and the price of anhydrous corn ethanol is 5,800 - 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 consolidated within a narrow range, market prices in northern Jiangsu fell, and market players in the market had a strong wait-and-see attitude. Reference price in northern Jiangsu: The general price is 5450 yuan/ton, which is 50 yuan/ton lower than the previous working day. The reference price for anhydrous water 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 has a narrow range of downward adjustments, and the movement of goods on the market has been slower. Today's reference price in Henan: The premium reference price is 5400 yuan/ton, which is 80 yuan/ton lower than the previous working day. The reference for anhydrous ethanol is 6200 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: Stabilizing, Henan's on-site shipments were slow over the weekend, and factory quotations were lowered; in the Northeast region, prices were mainly stable, and terminal downstream operators just needed to purchase into the market. In terms of absolute ethanol: the operation is stable and the goods on the site are smooth. In terms of fuel ethanol: The on-site equipment is operating stably, the supply is relatively sufficient, and the cargo holders are more interested in shipping. Under the supply-demand game, fuel ethanol maintains a volatile operation.
Raw materials:The corn market price fluctuated and weak, and the corn futures price fell. Coupled with the listing of new grains, the on-site supply was loose. Under the influence of multiple negative factors, the overall market mentality was weak, and terminal downstream operators had a strong wait-and-see attitude. The price of DDGS is stable and consolidated. Terminal downstream operators are still in need of purchasing and entering the market. The recent low inventory of alcohol factories has supported alcohol companies 'intention to hold prices to a certain extent. Recently, the price of dried cassava has been weak and stable, and the cost of cassava alcohol production has suffered a significant loss.
Supply:Northeast region: Meihekou Fukang Lines 2 and 3 are normal, and Line 4 is expected to restart in the middle of the year; 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.
