On June 5th, the price index of general-grade ethanol stood at 5994.3, holding steady.
Today, the overall price of ethanol in China has moved steadily. Hot spots on June 5: first, the market in Northeast China is operating stably for the time being. Second, the market price in East China is arranged in a narrow range. Third, the market in South China maintains stable operation. Fourth, the market price of ethyl acetate in China is temporarily stable, the main factories in Shandong are bidding and selling, the starting price is stable, part of the rigid demand is buying, and the market mentality is cautious.
Specifically, the northeast market prices temporarily stable operation, yesterday after the price reduction to accelerate the pace of out of storage, mainly to consume inventory. Today's Jilin reference price: general-grade corn ethanol price 5700-5750 yuan / ton, anhydrous price 6300-6700 yuan / ton, superior price 5870-6200 yuan / ton. Heilongjiang reference price: general price 5530-5700 yuan / ton, water-free price 6150-6250 yuan / ton. The market price in East China is arranged in a narrow range, and the Shandong area adjusts slightly today. Today's Shandong reference price: cassava anhydrous reference 6700 yuan / ton, cassava general reference 6000 yuan / ton. Wheat general reference 5950-6050 yuan / ton, high-end price 100 yuan / ton higher than the previous working day. Today's northern Jiangsu reference price: general reference 5950-6000 / ton, anhydrous reference 6700-6800 yuan / ton including tax, southern Jiangsu reference price: general reference 6050-6300 yuan / ton. Anhui regional reference price: general reference 6150-6200 yuan / ton. South China to maintain a stable operation, the pace of shipments by shippers is general, on-site single follow-up is insufficient. Today's Guangxi reference price: cassava anhydrous price 7000-7050 yuan / ton, general grade 6100-6350 yuan / ton. Guangdong reference price: cassava anhydrous price 6400-6500 yuan / ton, cassava general grade: 6400-6400 yuan / ton.
Future forecast: it is expected that the price of ethanol in China will be adjusted steadily in the short term, and there is still a positive sentiment in some parts. Edible ethanol: the situation of goods in some areas has improved, and after the price reduction in Northeast China, the pace of leaving the warehouse has been accelerated, and the inventory has been consumed. Henan Hanyong and Huaxing resume small-line production, but pick up vehicles still need to queue up, and some customers switch to spot goods in northern Jiangsu, stimulating shipments in northern Jiangsu to a certain extent. Coal ethanol: on-site supply is still tight, although carbon Xin has released goods, but still maintain a balanced situation. In terms of anhydrous ethanol: after narrow finishing, the supply in northern Jiangsu and Henan is tight, and the intention of the factory is obvious under the support of the supply side. The price of today's factory in Northeast China has been lowered with the mainstream price yesterday.
Raw materials: corn market mainstream stability, local narrow finishing, sales area downstream demand is not good, wait-and-see mentality is strong. The price of DDGS is adjusted steadily, and the demand in the downstream market of Chinese terminal is not good, so it can be used on demand. The price of dried cassava remains stable in the near future, and the cost of cassava alcohol is relatively stable.
Supply: Hongzhan Rahl, Jixian devices have been restored, Anhui carbon Xin devices have been shipped. Guotou Tieling has been restored, and the restart time of Fukang 2Accord 3 line has been delayed to the end of the month. The Guotou Jidong fuel line has stopped feeding; Zhaodong Cofco has been restarted, and others have remained stable.
Demand: downstream chemical rigid demand procurement, liquor procurement in general.
Logistics: freight rates have risen slightly recently.
Note: all downtime is subject to the specific downtime of the factory.
