Ethanol: China's ethanol market adjusted within a narrow range on May 20

On May 20, the general ethanol price index was 6,020.03, an increase of 14.53 from the previous working day and an increase of 0.02% month-on-month.

Today, China's ethanol market has adjusted within a narrow range, demand has slowed down slightly, and downstream terminals just need to bid for participation. Hot spots on May 20:1. Market prices in Northeast China have increased, and some equipment maintenance support factories have continued to strengthen their mentality. 2. Maintain stability in East China and ensure smooth delivery of goods by suppliers. 3. Prices in South China are stable and the trading atmosphere is general. 4. The market price of ethyl acetate in China has been reduced within a narrow range. Major factories in Shandong have bid for sales, and the starting price has been lowered. The transaction atmosphere has been dull.

    Specifically, market prices in Northeast China have increased, supply in Northeast China has declined, and the mentality of some manufacturers has continued to be strong. Today's Jilin market reference price: premium corn prices are 5,970 - 6,100 yuan/ton, and general corn prices are 5,800 - 5,850 yuan/ton, an increase of 50 yuan/ton from the previous working day. Maintaining stability in East China, terminals just need to submit orders to participate, and suppliers deliver goods smoothly. Reference prices in Anhui: 6100 yuan/ton for general grade, 6700 yuan/ton for waterless. Reference price in northern Jiangsu: general grade 6050 yuan/ton, waterless 6,700 - 6,750 yuan/ton. Prices in South China remain stable, downstream terminal operators are not enthusiastic about entering the market to replenish goods, and the overall trading atmosphere is average. Reference prices in Guangxi: cassava general reference is 6,400 - 6,450 yuan/ton, waterless reference is 7,050 - 7,100 yuan/ton, including tax.

                                     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: The Yushen device has been shut down, and the market supply in the region has decreased. However, the market demand is poor and overall shipments are not smooth. 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: Supply in major regions has decreased, the mentality of holders has been firm, and terminal downstream operators just need to participate in bidding. In terms of edible ethanol: Recently, the market quotation in the Northeast region has remained high, supported by reduced supply. However, shutdown equipment in Henan has returned to normal in recent days, and supply pressure has been partially released. Moreover, terminal downstream operators are not enthusiastic about replenishing goods in the market. Some factories in the region have adjusted downward.