On November 22, the general ethanol price index was 5,421.5, down 1.8 from the previous working day and 0.03% month-on-month.
Today's weak ethanol market in China is consolidated. Hot spots on November 22:1. The Northeast region is running steadily. 2. East China is stabilizing and consolidating. 3. Central China is operating weakly and stably. 4. The market price of ethyl acetate in China has increased within a narrow range. The starting prices of major factories in Shandong have continued to increase, and the trading atmosphere on the floor is still acceptable.
Specifically, spot supply in the Northeast region has increased, and the demand side has remained in need of purchases entering the market. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,200 - 5,300 yuan/ton, and the price of anhydrous corn ethanol is 5,700 - 6,100 yuan/ton. Heilongjiang reference price: general price 4,950 - 5,050 yuan/ton. Jinzhou general reference price is 5600 yuan/ton. The market mentality in East China is weak and the trading atmosphere on the floor is not good. Reference price in northern Jiangsu: The general price is 5450 yuan/ton. The reference price for anhydrous water is 6,100 - 6,200 yuan/ton. Anhui reference price: general price 5,500 - 5,600 yuan/ton. The price of waterless is 6,150 - 6,500 yuan/ton. Reference price in southern Jiangsu: general price 5,600 - 5,750 yuan/ton. Shandong reference price: Excellent reference price is 5,450 - 5,700 yuan/ton. The reference price of cassava waterless is 6,200 - 6,350 yuan/ton. Central China is operating weakly and stably, and on-site shipments are stable. Today's reference price in Henan: The premium reference price is 5350 yuan/ton, which is 30 yuan/ton lower than the previous working day. The reference for anhydrous ethanol is 6,150 - 6,200 yuan/ton, and the low-end price is lowered by 50 yuan/ton compared with last week.
Aftermarket forecast: It is expected that China's ethanol market will be weak and volatile in the short term. In terms of edible ethanol: on-site installations have started to increase, and the supply side has been relatively loose, but downstream demand has performed poorly, and the buying and selling atmosphere has been relatively calm; in terms of absolute ethanol: large stability and small movements, downstream operators buy and enter the market on demand, and on-site shipments are still acceptable. In terms of fuel ethanol: Although holders have the sentiment of maintaining prices, terminal downstream operators are cautious about obtaining high-priced sources. Local refining has stabilized after rising, and it is expected that the market will be mainly consolidated in a narrow range in the short term.
Raw materials:Regional trends in corn market prices diverge. The Northeast region is stable, medium and strong, with corn storage conditions in the region improving, farmers 'reluctance to sell has increased, and the purchase prices of deep-processing enterprises have increased; North China is weak, with relatively sufficient market supply, and the arrival volume of deep-processing enterprises is still acceptable. Some companies maintain depressed purchase prices.DDGS market prices have been adjusted within a narrow range, and terminal downstream operators have average enthusiasm for purchasing. They have maintained the need to bid and participate, and traders have flexible bargaining and shipment. The price of dried cassava is weak and stable, and the costs of cassava production enterprises are still at a loss.
Supply:Northeast region: Fukang Lines 2 and 3 in Meihekou are normal, and Line 4 is resuming feeding; Jilin Dongfeng and Heilongjiang Shenglong resume feeding; Liaoyuan Jufeng has been shut down for a long time; Central China: Huaxing plant in Mengzhou, Henan Province has been restored; South China: Guangxi Jinyuan has been shut down; other devices have no fluctuations.
Requirements:whiteDemand for wine has improved slightly, and downstream chemical companies just need to replenish their warehouses.
Logistics:Freight increased slightly.
