Ethanol: China's ethanol market stabilized slightly on May 9

On May 9, the general ethanol price index was 5678, up 9 from yesterday and 0.16% month-on-month.

 China's ethanol market prices have stabilized and moved slightly. Hot spots on May 9:1. Market prices in South China are temporarily stable. 2. Prices in East China have adjusted within a narrow range. 3. Prices in Northeast China increased within a narrow range. 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, and Jilin's external quotations for edible ethanol have stabilized. Yushu factory has a general grade of 5750 yuan/ton, anhydrous grade of 6350 yuan/ton, Fukang factory has a general grade of 5800 yuan/ton, excellent grade of 5920 yuan/ton, and ordinary anhydrous ethanol is 6,150 - 6,450 yuan/ton. 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, the overall supply in East China has decreased, and factory shipments have accelerated compared with the previous period. 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. The ethanol market in Shandong is stable, with few orders traded. At present, the general grade of cassava is 6000 yuan/ton, and the cassava is waterless 6600 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.