Ethanol: China's ethanol market was weak and difficult to change on September 18

On September 18, the general ethanol price index was 5,760.5, down 21.8 from the previous working day and 0.38% month-on-month.

Today, China's ethanol market prices are weak and downward. Hot spots on September 18:1. The Northeast region is running steadily. 2. East China is weak and downward. 3. Central China has a narrow downward adjustment. 4. China's ethyl acetate market price is stabilizing and consolidating, with a slight increase in North China. The installation in southern Shandong has been restored. There is a strong wait-and-see attitude in the market, and new orders are generally traded.

Specifically, the Northeast region is operating steadily, and on-site supply pressure is still acceptable. 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 weak and downward, with poor on-site demand and average shipments. Reference price in northern Jiangsu: The general price is 5850 yuan/ton, and the waterless reference price is 6,500 - 6,650 yuan/ton, which is 50 yuan/ton lower than the previous working day. Anhui reference price: The general price is 5,800 - 5,850 yuan/ton, which is 50 yuan/ton lower than the previous working day. The waterless price is 6,500 - 6,550 yuan/ton, and the low-end price is reduced by 150 yuan/ton compared with the previous working day. Reference price in southern Jiangsu: The general price is 5,950 - 6,100 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. Shandong reference price: The general reference price is 5,730 - 5,800 yuan/ton. Central China has a narrow reduction, on-site shipments are not smooth, and on-site quotations are slightly lowered. Today's reference price in Henan: The premium reference price is 5800 yuan/ton, which is 50 yuan/ton lower than the previous working day. The reference for anhydrous ethanol is 6650 yuan/ton.

Aftermarket forecast: China's ethanol market is expected to be deadlocked and stable in the short term. Edible ethanol: East China and Central China declined within a narrow range, on-site demand continued to be weak, and shipments were average. Some factories lowered their offers today. In terms of coal-to-ethanol: The operation is stabilizing, and coal-to-steel factories maintain a stable price sentiment. 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. In terms of fuel ethanol: Local refining purchase prices have been adjusted on a wait-and-see basis, and fuel ethanol market prices have been consolidated within a narrow range.

Raw materials:Corn market prices continue to be weak. The corn market price range in Northeast China fluctuates. Recent port shipment demand is still good, but traders are more willing to lower prices for purchases. Market prices in North China remained weak, and the number of goods delivered by deep processing enterprises decreased, but they basically met the needs of enterprises. DDGS prices are organized within a narrow range. Alcohol companies often implement pre-order contracts, and downstream users dispatch vehicles to pick up goods on demand. 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 has 80% load; Meihekou Fukang Line 4 is normal, 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.