Ethanol: On November 15, China's ethanol market will maintain stability and wait and see

On November 15, the general ethanol price index was 5444.8, maintaining stability.

Today, China's ethanol market maintains stability and waits and sees. Hot spots on November 15:1. Stabilizing prices in Northeast China is the main focus. 2. Maintain stability and operation in East China. 3. Central China is operating weakly and stably. 4. The market price of ethyl acetate in China is weak and volatile. Major factories in Shandong are bidding for sales, and the starting price continues to be lowered, resulting in limited market transactions.

Specifically, prices are mainly stable in the Northeast region, and the trading atmosphere on the floor is good. 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 - 6,100 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 inquiry atmosphere on the site is good. Reference price in northern Jiangsu: The general price is 5450 yuan/ton. 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 is operating weakly and stably, and cost support is weak. Today's reference price in Henan: 5400 yuan/ton for excellent grade, and 6200 yuan/ton for absolute ethanol.

Aftermarket forecast: It is expected that China's ethanol market will stabilize and consolidate in the short term. In terms of edible ethanol: There was a lot of stability and small movements, with terminal downstream operators maintaining the need to purchase and enter the market; the Northeast region mainly delivered pre-order contracts, with new orders being sold only in average, and some holders expressed the intention to hold prices; Henan region stabilized after the decline, and goods on the market were slow. In terms of anhydrous ethanol: Operation is stabilizing, on-site spot supply is tight, downstream operators buy on demand, and on-site shipments are acceptable. In terms of fuel ethanol: The price of local refiners increased slightly, and the holders expressed their intention to hold on to the price. However, downstream demand has not improved significantly. The price of fuel ethanol market is expected to fluctuate.

Raw materials:Corn market prices remained volatile. Today's market fluctuated downward, and the intention to hold prices was slightly frustrated; corn prices in Northeast China are stabilizing, and traders are willing to build warehouses are low, so they still need to pay attention to the news to face the market impact; North China is affected by rainy weather, The amount at the grassroots level has decreased, and the quotations of deep processing companies have stopped falling and corrected back. DDGS market prices were consolidated within a narrow range. Terminal and downstream operators maintain their just need to purchase and enter the market. On-site operators remain cautious and wait-and-see, and some alcohol companies have delivered pre-order contracts.

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 shut down for a long time; SDIC Jidong is operating stably after restarting. 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.