Ethanol: China's ethanol market was deadlocked and stable on September 11

On September 11, the general ethanol price index was 5,782.3, maintaining stability.

China's ethanol market is deadlocked and stable today. Hot spots on September 11:1. The Northeast region maintains stable operation. 2. East China is stabilizing and consolidating. 3. Central China is running steadily. 4. The overall market price of ethyl acetate in China has remained stable and partially increased. Major factories in Shandong have bid for sales, and the starting price continues to increase. The transaction atmosphere is good.

Specifically, the Northeast region is operating steadily and mainly executing pre-order contracts. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,550 - 5,650 yuan/ton, and the price of anhydrous is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: general price 5,400 - 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 stabilizing and consolidating, shipments by cargo holders are stable, and downstream terminals purchase on demand. Reference price in northern Jiangsu: general price 5850 yuan/ton, waterless reference price 6,550 - 6,700 yuan/ton, Anhui reference price: general price 5850- 5,900 yuan/ton, waterless price 6650 yuan/ton. Reference price in southern Jiangsu: The general price is 6,000 - 6,100 yuan/ton, and the high-end price is increased by 100 yuan/ton compared with the previous working day. Shandong reference price: The general reference price is 5,730 - 5,800 yuan/ton. Central China is running steadily, and downstream terminals are purchasing on demand. Today's Henan reference price: premium grade reference is 5850 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: Market prices remain firm, with double periods approaching, and prices raised by some holders due to the influence of the supply side. 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, with downstream procurement mainly on demand, and cargo holders mainly stabilizing prices. Fuel ethanol: China's refining procurement has declined, and fuel ethanol may be weakened.

Raw materials:Corn market prices continue to be weak. Affected by the sharp drop in futures prices and the listing of corn in the new season in Northeast China, corn market prices were weak and volatile. DDGS prices are stabilizing and consolidating. Some alcohol factories have implemented early contracts. Prices of soybean meal and raw corn have been lowered, or prices of DDGS in the later period have been negative. 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, and SDIC Tieling may have plans for shutdown; Meihekou Fukang Line 2 is shut down, and Line 3 will be started for secondary maintenance, and there is no significant fluctuation in other devices.

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

Logistics:Freight prices remain stable.