Ethanol: China's ethanol market dynamics
113,545 
May 15, 2023, 4:59 PM The price index of general-grade ethanol was 6138.25 on May 15th, up from-20 on the previous working day.
China's ethanol market is weak, and the quotations of some enterprises are weak. Hot spots on May 15: first, Henan prices rose 50 yuan / ton over the weekend, and individual enterprises followed suit today. Second, the price of the main factory in East China and Jiangsu Province was lowered by 50 yuan / ton over the weekend, and today it is stable, and 2 devices have stopped feeding. Third, the quotations of large factories in Heilongjiang in Northeast China have been lowered, while those of Jilin Province have been lowered. Fourth, the bidding price of ethyl acetate has been lowered.
Specifically, the transaction price of the northeast Heilongjiang factory is reduced by 50 yuan / ton, the enterprise food production is reduced, the previous order is delivered, and the individual general inventory of Jilin large factory is higher, and the quotation is reduced. The problem of boiler installation in some enterprises in Mengzhou, Henan Province stopped for a short time, and the superior price increased by 50 yuan per ton, followed by individual enterprises. The cost pressure and demand in East China are weak, and the market price continues to weaken, so two enterprises stop feeding materials. Fuel: the price of receiving goods in the region is weaker. Sales of coal-based ethanol increased. As of press time, the general price of Jilin market is 6250-6450 yuan / ton, that of Heilongjiang market is 6100-6200 yuan / ton, and that of anhydrous market is 6900-7100 yuan / ton. The superior enterprises in Central China offer 6550-6600 yuan / ton, and the price of no water is 7400 yuan / ton. The price of ethanol in East China is 6420-6500 yuan / ton. The price of anhydrous ethanol is 7300-7400 yuan / ton, and the general price in southern Jiangsu is 6700-6900 yuan / ton. Cassava ethanol 6700-6800 yuan / ton in Guangxi, South China.
unit: yuan / ton
|
Area |
Specifications |
Market |
2023/5/15 |
2023/5/12 |
Rise and fall |
|
|
South China |
Cassava is anhydrous |
Guangxi |
7450-7500 |
7450-7500 |
0/0 |
|
|
Molasses 95% |
Guangxi |
- |
- |
- |
|
|
|
Cassava 95% |
Guangxi |
6700-6800 |
6700-6800 |
0/0 |
|
|
|
North China |
Superior grade |
Hebei |
- |
- |
- |
|
|
No water |
Hebei |
7300-7400 |
7300-7400 |
0/0 |
|
|
|
Northeast China |
General level |
Jilin |
6250-6450 |
6300-6500 |
-50/-50 |
|
|
No water |
Jilin |
7050-7250 |
7100-7250 |
-50/0 |
|
|
|
General level |
Jinzhou |
6550-6650 |
6550-6650 |
0/0 |
|
|
|
General level |
Heilongjiang Province |
6100-6200 |
6150-6300 |
-50/-100 |
|
|
|
East China |
General level |
Anhui Province |
6450-6550 |
6450-6550 |
0/0 |
|
|
No water |
Anhui Province |
7400-7450 |
7400-7450 |
0/0 |
|
|
|
No water |
Shandong |
|
|
0/0 |
|
|
|
General level |
Shandong |
6550-6600 |
6550-6600 |
0/0 |
|
|
|
Superior grade |
Shandong |
6700-6900 |
6700-6900 |
0/0 |
|
|
|
Send it to other places without water. |
Shandong |
7600-7650 |
7600-7650 |
0/0 |
|
|
|
General level |
Northern Jiangsu |
6420-6500 |
6450-6550 |
-30/-50 |
|
|
|
No water |
Northern Jiangsu |
7300-7400 |
7350-7450 |
-50/-50 |
|
|
|
General level |
Southern Jiangsu |
6700-6800 |
6700-6800 |
0/0 |
|
|
|
Central China |
Superior grade |
Henan |
6600-6550 |
6550-6550 |
-50/0 |
|
|
No water |
Henan |
7400-7400 |
7400-7400 |
0/0 |
|
Raw materials / by-products and downstream
Unit: yuan / ton, US dollar / ton
|
Area |
Market |
Raw materials / by-products |
2023/5/15 |
Remarks |
|
Northeast China |
Jilin |
Corn |
2580-2630 |
|
|
Northeast China |
Jilin |
DDGS |
2650-2720 |
|
|
Northeast China |
Heilongjiang Province |
Corn |
2470-2510 |
|
|
Northeast China |
Heilongjiang Province |
DDGS |
2600-2700 |
|
|
Central China |
Henan |
Corn |
2790-2800 |
|
|
Central China |
Henan |
DDGS |
2800-2850 |
|
|
Thailand |
|
Dried cassava |
265-267 |
|
|
Shandong |
|
Ethyl acetate |
6210-6230 |
Acceptance leaves the factory |
|
Jiangsu Province |
|
Ethyl acetate |
6350-6400 |
|
|
South China |
|
Ethyl acetate |
6600-6650 |
|
Future forecast: it is expected that the short-term edible ethanol market weak finishing, northeast order delivery, the overall demand is limited, price weak finishing. Individual Jilin downtime enterprises will resume this week. Yushen coal ethanol shipment, impact part of the fuel delivery. The shutdown of individual devices in Henan is expected to take about 3 days, and it will be stable during the downtime, and the price weakness may be after the supply resumes in the later period. In East China, cost pressure and demand are weaker, prices are weaker, and outages or production cuts are increasing.
Raw materials: corn ethanol: the price of corn is weak, the demand is weak, the market time of new wheat in central China is approaching, the price is weak, and the substitute price is weak and bad for corn price. Cassava dry aspect: cassava dried Thai baht value-added, China's ethanol prices are weak, the buying atmosphere is not strong, prices are weak.
Supply: northeast start: Dongning downtime, Baoquanling production, Fuyu Huihai normal, Cofco Zhaodong plant production, Hongzhan normal, Fukang first line shutdown, Tianyu normal, Shuntong downtime, Dongfeng Huafeng downtime, Xintianlong downtime, Liuniu shutdown, Shenglong downtime. East China Flower Hall production, Guannan shutdown, Jin Changlin stop feeding, Guohua production, Changxing stop feeding, Longhe production, sul production, Fulaichun continued shutdown, Maibo Huihui shutdown, MINUSTAH shutdown. Houyuan shutdown in Mengzhou, Henan Province, other ethanol plants are normal. Yushen can produce products.
Demand: downstream chemical rigid demand procurement. Buy a small amount of liquor.
Logistics: logistics prices are narrowly weak.
Equipment maintenance table of Chinese ethanol enterprises
|
Enterprise name |
Production capacity (10,000 tons / year) |
Maintenance involves production capacity |
Maintenance start time |
Remarks |
|
Heilongjiang Hongzhan (Jixian) |
60 |
60 |
April fifteenth |
Start up on May 6th |
|
Jilin Fukang |
50 |
4 |
March 28th |
|
|
Heilongjiang Hexing grain and oil |
3 |
3 |
Late March |
|
|
Inner Mongolia Shuntong |
12 |
12 |
Stop the machine |
|
|
Heilongjiang Zhongke Green |
10 |
10 |
Stop the machine |
|
|
Fulaichun, Shandong Province |
20 |
20 |
Stop the machine |
|
|
Jiangsu Dongcheng |
15 |
15 |
Stop the machine |
|
|
Guannan COVID-19, Lianyungang |
5 |
5 |
Stop the machine |
|
|
Jiangsu Haiyan |
15 |
15 |
Stop the machine |
|
|
Jiangsu Maibo remittance |
8 |
8 |
Stop feeding at the beginning of April |
|
|
Shuyang Kant |
5 |
5 |
Stop the machine |
|
|
Anhui COFCO |
75 |
30 |
Production |
The material has been put in on April 20th. |
|
Anhui Wuhechun |
8 |
8 |
Stop the machine |
|
|
Jilin Xintianlong |
30 |
30 |
Maintenance schedule for May 5 |
|
|
Heilongjiang Sheng long |
15 |
15 |
Shut down on April 27th |
|
|
Inner Mongolia Liniu |
10 |
10 |
Stop the machine |
|
|
Hanyong, Mengzhou, Henan Province |
30 |
30 |
One-line production |
|
|
Houyuan, Mengzhou, Henan Province |
50 |
50 |
Normal |
|
|
Jilin Dongfeng Hua Grain |
10 |
10 |
Stop feeding on April 17th |
|
|
National Investment Helen |
30 |
30 |
April 12th |
Fuel fuel |
|
Guotou Jidong |
30 |
30 |
April 3rd |
Fuel fuel |
|
Liaoyuan giant peak |
50 |
50 |
There is expected to be a boot plan in May. |
|
|
Zhenjiang Changxing |
10 |
10 |
All machines were shut down on May 16th. |
|
|
Jin Changlin in Lianyungang |
5 |
5 |
The feeding has been stopped at present. |
|
