On June 11th, the general-grade ethanol price index was 5989.5, down 3% from the previous working day and 0.05% lower than the previous working day.
Today, the price of ethanol in China is weak, and the price of anhydrous in northern Jiangsu has rebounded. Hot spots on June 11: first, market prices in Northeast China fluctuated slightly. Second, the market price in East China is arranged in a narrow range. Third, the market in central China has declined slightly. Fourth, China's ethyl acetate market price is temporarily stable, Shandong's main factories compete for sale, the starting price is stable, and the downstream purchasing enthusiasm is general.
Specifically, the market price in the northeast region fluctuates slightly, the freight in the region still shows an upward trend, and factories mainly ship goods on demand. Today's Jilin reference price: general-grade corn ethanol price 5700-5750 yuan / ton, anhydrous price 6300-6650 yuan / ton, high-end price down 50 yuan / ton compared with the previous working day. Heilongjiang reference price: general price 5530-5700 yuan / ton, water-free price 6150-6250 yuan / ton. Market prices in East China have been arranged in a narrow range, while those in northern Jiangsu have been downgraded today and have no water to rise. Today's Shandong reference price: cassava anhydrous reference 6700 yuan / ton, cassava general reference 6000 yuan / ton. The superior reference price is 6150-6700 yuan / ton, and the low-end price is 550yuan / ton lower than that of the previous working day. Today's northern Jiangsu reference price: general reference 5950-5950 yuan / ton, the high-end price is 50 yuan / ton lower than the previous working day. Anhydrous reference 6700-6800 yuan / ton including tax, 50 yuan / ton higher than the previous working day. Southern Jiangsu reference price: general reference 6050-6300 yuan / ton. Anhui regional reference price: general reference 6150-6200 yuan / ton. There is a slight decrease in Central China. Henan's main factory supply resumed and there were not many vehicles during the holiday period, but the demand on the site declined and the quotations of some factories were lowered. Today's Henan reference price: excellent 5850 yuan / ton, low-end price 50 yuan / ton lower than the previous working day, and high-end price 100 yuan / ton lower than the previous working day. 6700-6750 yuan per ton without water.
Future forecast: it is expected that China's ethanol market will be weak in the short term. Edible ethanol: the supply in Henan area increases, and there are not many vehicles during the holiday period, affected by the supply side, there are bearish expectations in the field, so we still need to pay attention to the post-holiday mood. Coal ethanol: the whole is relatively stable, the spot supply of coal is tight, and the purchasing enthusiasm of terminal downstream operators is better. In terms of anhydrous ethanol: the supply of anhydrous ethanol remains tight, while the price in Henan region is slightly reduced and fluctuates within the range.
Raw materials: corn market prices as a whole maintain stability, grass-roots food supply is insufficient, supply is slightly tight but the market demand is not good, supply and demand saw under the market price range shock. DDGS prices fell slightly, some factories in China to restart alcohol equipment, supply increased but insufficient demand on the floor, prices fell slightly to stimulate shipments. The price of dried cassava remains stable in the near future, and the cost of cassava alcohol is relatively stable.
Supply: Hongzhan Rahl and Jixian devices have been restored, Guotou Tieling has been restored, and Guotou Jidong fuel line has stopped feeding. Zhaodong grain equipment shutdown, fuel line production. The restart time of Fukang 2Accord 3 line has been delayed to the end of the month. Jinyimeng shuts down without water, while others remain stable.
Demand: liquor on-demand procurement, downstream chemical rigid demand procurement.
Logistics: freight in Northeast China is still on the rise.
