Ethanol: China's ethanol market adjusted within a narrow range on May 17

On May 17, the general ethanol price index was 6005.5, unchanged from yesterday.

 Today, China's ethanol market adjusted within a narrow range, and downstream terminals just needed to bid for participation, and trading was stable. Hot spots on May 17:1. Market prices in Northeast China are stable, and some equipment maintenance support factories have a strong mentality. 2. Prices in Central China have been consolidated within a narrow range, while ethanol prices from some manufacturers in Henan have weakened and declined. 3. Prices in North China have increased, and downstream terminal operators have actively received goods. 4. The market price of ethyl acetate in China has been adjusted at a high level. Major factories in Shandong have bid for sales, and the starting price has been slightly increased. It still needs to make up orders, and the transaction is flat.

 Specifically, market prices in the Northeast region are operating stably. Some units in small factories in the region are undergoing maintenance in advance. Some manufacturers have a firm mentality. Today's Jilin market reference prices: the price of ordinary corn ethanol is 5,750 - 5,800 yuan/ton, and the price of superior corn ethanol is 5,920 - 6,100 yuan/ton. Prices in Central China have been consolidated within a narrow range. There is insufficient purchase volume at the terminal and downstream demand. Holders offer prices within the low and stable range. Today's Henan market reference prices: premium price 5,900 - 5,950 yuan/ton, waterless price 6,600 - 6,650 yuan/ton. Prices in North China have increased slightly. Terminal downstream operators are actively receiving goods, and recent shipments are still good. Today's reference price in Hebei: the price of anhydrous ethanol is 6,650 - 6,700 yuan/ton. Prices in East China are stable, and suppliers are stable in shipment. Reference prices in Anhui are 6100 yuan/ton for general grade and 6700 yuan/ton for waterless. Reference price in northern Jiangsu: general grade 6050 yuan/ton, waterless 6,700 - 6,750 yuan/ton.

 Unit: yuan/ton

Outlook forecast: China's ethanol market prices are expected to maintain stability in the short term and adjust within a narrow range. In terms of coal-to-ethanol: Yushen plans to carry out maintenance around the 20th of this month. It is expected that the supply will decrease, but the market demand will be poor, and overall shipments will be sluggish. Fuel ethanol: The market price is stable, and the factory intends to increase the settlement price, but the main business mentality is stable. In terms of absolute ethanol: The supply in Northeast China and Henan is tight, the mentality of cargo holders is firm, and terminal downstream operators just need to submit to participate. In terms of edible ethanol: The overall shipment is still acceptable, and manufacturers 'prices in local intervals have been lowered. The reduction in supply in the Northeast market has boosted confidence in the market. Holders have a strong attitude of supporting prices, and terminal downstream operators have a wait-and-see attitude.