Ethanol: China's ethanol market stabilized slightly on May 21

On May 21, the general ethanol price index was stable at 6,020.03.

Today, China's ethanol market is stable and moving slightly. Hot spots on May 21:1. Market prices in Northeast China were adjusted, and market prices in Heilongjiang in the region increased slightly. 2. Maintain stability in East China and ensure smooth delivery of goods by suppliers. 3. Prices in South China remain stable and the on-site trading atmosphere is dull. 4. China's ethyl acetate market price continues to decline. Major factories in Shandong are bidding for sales, and the starting price is stable. Production and sales are still balanced, and downstream stocks just need to be replenished.

Specifically, market prices in the Northeast region have been consolidated within a narrow range, and today's pricing factories have slightly increased following the mainstream market. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,800 - 5,850 yuan/ton, and the price of anhydrous corn ethanol is 6,400 - 6,600 yuan/ton. Heilongjiang's general-level east and west reference price: 5,650 - 5,700 yuan/ton including tax, and the high-end price is increased by 50 yuan/ton compared with 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, and downstream terminal operators are not enthusiastic about entering the market to replenish goods, and fundamentals in the market fluctuate little. 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 Carbon Xin device has been restarted today. The market supply in the region is small, but the market demand is poor and overall shipments are not smooth. Fuel ethanol: Affected by inventories, prices of fuel factories in Northeast China have adjusted slightly, and terminal downstream operators are not enthusiastic about entering the market to replenish goods. In terms of absolute ethanol: Supply in major regions has decreased, the mentality of holders has continued to be strong, and terminal downstream operators just need to participate in bidding. In terms of edible ethanol: During the maintenance of Lines 2 and 3 in Fukang in Northeast China, the market supply was poor, but the demand support was flat and the market transaction atmosphere was general.