Ethanol: China's ethanol market was narrowed on September 4

On September 4, the general ethanol price index was 5,773.7, down 8.6 from the previous working day and 0.15% month-on-month.

Today, China's ethanol market is consolidated in a narrow range. Hot spots on September 4:1. The Northeast region is organized in a narrow manner. 2. East China is operating weakly and steadily. 3. Stabilizing prices is the main focus in Central China. 4. China's ethyl acetate market prices are operating weakly and steadily, mainstream market transactions are stable, spot buying atmosphere is general, and downstream replenishment negotiations are just needed.

Specifically, the Northeast region has been organized within a narrow range, and offers in the Heilongjiang region have been stable, maintaining order shipments. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,530 - 5,650 yuan/ton, which is 20 yuan/ton lower than the previous working day. The price of waterless is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: general price 5,350 - 5,500 yuan/ton, waterless price 6,100 - 6,200 yuan/ton. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. East China is operating weakly and steadily, with poor demand performance, and slow shipments from cargo holders. Reference price in northern Jiangsu: general price 5900 yuan/ton, waterless reference price 6,600 - 6,700 yuan/ton, Anhui reference price: general price 5,850 -5900 yuan/ton, waterless price 6650 yuan/ton. Reference price in southern Jiangsu: general price is 6000 yuan/ton. Shandong reference price: The general reference price is 5,770 - 5,800 yuan/ton, and the high-end price is reduced by 50 yuan/ton compared with the previous working day. In Central China, prices are mainly stabilized, terminals buy on demand, and factories have a slightly stable mentality. Today's Henan reference price: premium grade reference is 5880 yuan/ton, anhydrous ethanol reference is 6650 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to stabilize prices in the short term. In terms of edible ethanol: Terminal downstream operators purchase on demand, the factory's low-price contract volume is acceptable in the early stage, and the on-site market prices are adjusted within a narrow range. In terms of coal-to-ethanol: Market prices are volatile and operating strongly. In terms of anhydrous ethanol: Recently, the supply in waterless fields has maintained a tight balance, market prices have remained firm, and some factories are reluctant to sell at low prices. In terms of fuel ethanol: There is a strong wait-and-see attitude to stabilize prices, coal-based companies still have intentions to stabilize prices, local refining purchase prices are relatively stable, and main contract shipments are the main focus.

Raw materials:Corn market prices are stable and weak. The Northeast region is weak, with a small amount of new grain listed at low prices, and some three-party funds still under repayment pressure, which is negative for the mentality of on-site operators; market prices in North China have been reduced within a narrow range, mainstream prices have remained stable, and companies have more to buy and use them as they please. DDGS prices are operating steadily, terminal downstream operators replenish warehouses on demand, and some alcohol companies implement pre-order contracts. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:One line of Huaxing plant in Mengzhou, Henan Province is in operation, Jilin Xintianlong has returned to normal, SDIC Yushu has been put into operation; Anhui COFCO fuel has been shut down, SDIC Tieling may have planned to shut down, Meihekou Fukang Line 3 has been shut down, and other devices have no significant fluctuations.

Requirements:whiteDemand for wine continues to be weak, and downstream chemical companies just need to replenish their warehouses.

Logistics:Freight prices remain stable.