Ethanol: China's ethanol market price increased within a narrow range on May 8

On May 8, the general ethanol price index was 5669, an increase of 58 from yesterday and a month-on-month increase of 1.03%.

 China's ethanol market prices increased within a narrow range. Hot spots on May 8:1. Market prices in South China fluctuated upward. 2. Prices in East China have adjusted within a narrow range, with prices in small factories falling slightly. 3. Prices in Northeast China have increased. 4. The auction price of ethyl ester in the ethyl acetate factory has been raised, and the market transaction atmosphere has been positive.

Specifically, prices in the Northeast region have increased within a narrow range. Currently, the pre-holiday order signing at the Yushu factory has been completed, and the Fukang factory continues to sign orders for food. Fukang is temporarily scheduled to start inspection on May 15. Today, the Yushu factory has a general grade of 5750 yuan/ton, no water is 6350 yuan/ton, Fukang factory has a general grade of 5800 yuan/ton including tax, and the excellent grade is 5920 yuan/ton including tax. Prices in Henan are stable, with premium prices stabilizing to 5,850 - 5,900 yuan/ton, and waterless prices at 6600 yuan/ton, maintaining yesterday. Prices in East China have adjusted within a narrow range, and the ethanol market in Shandong has stabilized with fewer orders traded. At present, the general grade of cassava is 6000 yuan/ton, and the cassava is 6600 yuan/ton without water. The large factories in northern Jiangsu are stable, the prices of small factories have weakened slightly, and shipments have slowed down. The transaction price of ordinary ethanol is based on 6,000 - 6,030 yuan/ton, excellent ethanol is 6,100 - 6,130 yuan/ton, and waterless ethanol is 6,650 - 6,750 yuan/ton.

                                     Unit: yuan/ton

Aftermarket outlook forecast: China's ethanol market prices are expected to be narrowed in the short term, with short-term consumption increasing mainly. In terms of edible ethanol, affected by the support of factory maintenance, the factory maintained a strong price attitude. In addition, Anhui enterprises switched to production of fuel, which was beneficial to the purchase of goods in surrounding and local areas, and transaction prices in the regional market rose. In terms of fuel ethanol, the main orders are still being executed, and the number of high-priced orders is insufficient; today's auction of coal-based ethanol is still good, with a slight premium. In the later stage, we also need to pay attention to the operation of the equipment in the field.