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Ethanol: On November 12, China's ethanol market operated weakly and steadily

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November 12, 2024, 4:36 PM

Ethanol: On November 12, China's ethanol market operated weakly and steadily

On November 12, the general ethanol price index was 5,470.3, down 1.2 from the previous working day and 0.02% month-on-month.

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Today, China's ethanol market is operating weakly and steadily. Hot spots on November 12:1. The Northeast region is stable and small. 2. East China is temporarily operating stably. 3. Central China is stabilizing and consolidating. 4. The market price of ethyl acetate in China is stable and strong. Major factories in Shandong are bidding for sales, and the starting price continues to increase.The premium atmosphere has dropped slightly, and buying is mainly needed

Specifically speaking, the Northeast region has experienced great stability and small changes, and terminal downstream operators have maintained their 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, the price of waterless is 5,800 - 6,100 yuan/ton, and the high-end price is reduced by 50 yuan/ton compared with 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 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, 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 consolidating steadily, and on-site shipments are slow. Today's reference price in Henan: The premium reference price is 5380 yuan/ton, which is 20 yuan/ton lower than the previous working day. The reference for anhydrous ethanol is 6200 yuan/ton.

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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 and consolidating, raw material corn prices have weakened, providing limited support to the ethanol market, and terminal downstream operators continue to need to purchase and enter the market. In terms of absolute ethanol: the operation is stable and the goods on the site are smooth. In terms of fuel ethanol: on-site equipment is operating stably. Supply is expected to increase this week. Fuel ethanol remains weak and stable under the game of supply and demand.

Raw materials:The corn market price fluctuated and weak, the purchase price of deep processing enterprises in Northeast China weakened slightly, the vehicles in front of deep processing factories in North China remained high, and the on-site purchase and sales atmosphere was light. The price of DDGS is stable and strong. Terminal downstream operators remain in need of purchasing and enter the market, and some traders queue up to pick up goods. 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.

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