Ethanol: China's ethanol market fluctuated downward on May 28

On May 28th, the price index of general-grade ethanol was 5982.5, down 17% from the previous working day and 0.28% from the previous working day.

& nbsp; & nbsp; ethanol market prices in China continue to weaken today, although quotations in some areas have been raised, but the overall weakness is difficult to change. Hot spots on May 28: first, the market price in Northeast China is weak and downward. Second, the market price in East China has been lowered in a narrow range. Third, narrow arrangement in South China. Fourth, the price of ethyl acetate in China is weak, the main factories in Shandong are bidding and selling, the starting price is stable, and the trading volume has increased slightly.

      & nbsp; specific point of view, the northeast market prices down slightly, high prices under the influence of the signing is not smooth, the holder price reduction to stimulate shipment. Today's Jilin reference price: general-grade corn ethanol price 5750-5800 yuan / ton, anhydrous price 6350-6550 yuan / ton, high-end prices are 50 yuan / ton lower than the previous working day. Heilongjiang reference price: general price 5580-5700 yuan / ton, 20 yuan / ton lower than the previous working day. East China is narrowly downgraded, and the enthusiasm of terminal downstream operators to enter the market for replenishment is not high. Today's Subei reference price: general reference 5950 yuan / ton, anhydrous reference 6550-6650 yuan / ton including tax, 50 yuan / ton lower than the previous working day. Southern Jiangsu reference price: general reference 6100-6300 yuan / ton, 50 yuan / ton lower than the previous working day. With the narrow arrangement in South China, the enthusiasm of terminal downstream operators to enter the market is not high, and the trading atmosphere is general. Today's Guangxi reference price: the anhydrous price of cassava is 7000-7050 yuan / ton, 50 yuan / ton higher than that of the previous working day. The general grade is 6250-6300 yuan / ton, and the low-end price is 50 yuan / ton lower than that of the previous working day.

& nbsp;                                     unit: yuan / ton

Area	Specifications	Market	2024/5/28	2024/5/27	Rise and fall
South China	Cassava is anhydrous	Guangxi	7000-7050	6950-7000	50/50
	Molasses 95%	Guangxi	6450-6500	6450-6500	0/0
	Cassava 95%	Guangxi	6250-6300	6300-6400	-50/-100
North China	No water	Hebei	6500-6550	6600-6650	-100/-100
Northeast China	General level	Jilin	5750-5800	5750-5850	0/-50
	No water	Jilin	6350-6550	6350-6600	0/-50
	General level	Jinzhou	6050-6050	6050-6050	0/-50
	General level	Heilongjiang Province	5580-5700	5600-5700	-20/0
East China	Cassava is anhydrous	Shandong	6700	6700	0/0
	General level	Shandong	6000	6000	0/0
	Superior grade	Shandong	6700	6700	0/0
	General level	Northern Jiangsu	5950	6000	-50/-50
	No water	Northern Jiangsu	6550-6650	6600-6700	-50/-50
	General level	Anhui Province	6100-6150	6100-6150	0/0
	No water	Anhui Province	6700	6700	0/0
	General level	Southern Jiangsu	6100-6300	6150-6300	-50/0
Central China	Superior grade	Henan	5800-5800	5800-5800	-50/-70
	No water	Henan	6600	6600	0/0

Raw materials / by-products and downstream & nbsp;                              unit: yuan / ton, US dollars / ton

Area	Market	Raw materials / by-products	2024/5/28	Remarks
Northeast China	Jilin	Corn	2340-2350
Northeast China	Jilin	DDGS	2250-2450
Northeast China	Heilongjiang Province	Corn	2230-2300	Less transactions at a low price
Northeast China	Heilongjiang Province	DDGS	2130-2250
Central China	Henan	Corn	2200-2300
Central China	Henan	DDGS	2150-2400
Thailand		Dried cassava	230-232
Jiangsu Province		Ethyl acetate	6100-6200
South China		Ethyl acetate	5950-6000

Future forecast: it is expected that China's ethanol market will be sorted out in a narrow range in the short term. Coal to ethanol: Shaanxi has not yet invited bids, Yushen plant has been shut down, Anhui has not released auction, carbon Xin plant restart output to be restored, etc., the spot market in the region is less, the overall shipment is slow. Fuel ethanol: fuel ethanol prices remain stable, and some factories ease inventory pressure and reduce price shipments. In terms of anhydrous ethanol: stocks are low in major regions, Ji Xian food is restarted, and anhydrous production is expected to pick up. Edible ethanol: the market demand is not good, the goods in the market is not smooth, and the price in the northeast region is lowered along with the market price in Henan.