Ethanol data for the first half of 2023 look ahead

China's ethanol index for the first half of 2023 was 6,254.31, a year-on-year decrease of 553.85, with a decline rate of 8.14%.

The new production capacity of China's ethanol in the first half of 2023 will be concentrated on waterless. Shandong Zhongyu anhydrous ethanol will be put into production, Heilongjiang Shenglong will be put into production without water (old equipment renovation), Anhui COFCO will be converted to production, and some production capacity will begin to produce general-level production. Fuel ethanol added 45,000 tons of new production capacity.

It is estimated that the average price of cassava ethanol in northern Jiangsu in the first half of 2023 will be 6,656.34 yuan/ton, a year-on-year decrease of 6.05%

It is estimated that the average price of corn ethanol in Jilin in the first half of 2023 will be 6,377.54 yuan/ton, a year-on-year decrease of 6.64%

It is estimated that the average price of corn ethanol in Heilongjiang in the first half of 2023 will be 6,273.84 yuan/ton, a year-on-year decrease of 5.95%

It is estimated that the average price of premium corn ethanol in Henan in the first half of 2023 will be 6,650.07 yuan/ton, a year-on-year decrease of 7.38%

China's edible and industrial ethanol supply in the first half of the year is expected to be 2.5738 million tons, a year-on-year decrease of 4.20%.

It is estimated that the profit of cassava ethanol production in China's edible and industrial ethanol in East China and Jiangsu Province in the first half of the year will be-76.46 yuan/ton, a year-on-year decrease of 120.25%.

It is estimated that the profit of cassava ethanol production in China's edible and industrial ethanol in East China and Jiangsu Province in the first half of the year is-123.09 yuan/ton, a year-on-year decrease of 177.42%.

Fuel ethanol output in the first half of the year is expected to be 1.8298 million tons, and fuel ethanol output in the first half is expected to be higher than in the second half. (Note: June is not over. June data are estimated data)

In the post-epidemic era, foreign economic expectations are optimistic. Along the way, judging from the economic performance in the first half of 2023, expectations deviate from reality. In the first half of the year, the bulk chemical market was sluggish, and the ethanol industry chain could not escape the situation of continued price cuts. In the first half of the year, ethanol supply shifted from stable to decreasing, with no favorable support from costs, and companies suffered losses in production. Due to negative factors such as continued weakening of demand and continued weakening of prices, companies entered maintenance ahead of schedule. Uncompetitive companies continued to shut down, and China's ethanol supply dropped. In terms of fuel ethanol, the increase in travel rates in the post-epidemic era has driven the consumption of refined oil products. The consumption of fuel ethanol has increased. The price is relatively firm. Moreover, there are still small profits in company production, and the enthusiasm of companies to produce fuels has increased.