On June 14, the general ethanol price index was 5,989.5, maintaining stability.
Today, China's ethanol market is operating stably. Hot spots on June 14:1. Market prices in Northeast China are running smoothly. 2. Market prices in East China are operating weakly and steadily. 3. Stabilize the market in Central China. 4. China's ethyl acetate market price is relatively strong, the starting price continues to increase, the on-site purchasing atmosphere is poor, and the transaction volume is flat.
Specifically, the market in the Northeast region is operating stably, with factory orders mainly shipped. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,700 - 5,750 yuan/ton, and the price of anhydrous corn ethanol is 6,300 - 6,650 yuan/ton. Heilongjiang reference price: general price 5,530 - 5,700 yuan/ton, waterless price 6,150 - 6,250 yuan/ton. Market prices in East China were weak and stable, while the market in southern Jiangsu was weak, and prices from some factories fell. Today's reference price in Shandong: waterless cassava reference 6700 yuan/ton, general cassava reference 6000 yuan/ton. The premium reference price is 6,700 - 6,700 yuan/ton, and today's reference price in northern Jiangsu is 5,950 - 5,950 yuan/ton, and the waterless reference price is 6,700 - 6,800 yuan/ton, including tax. Reference price in southern Jiangsu: general reference price 6,050 - 6,300 yuan/ton. Reference price in Anhui: general reference price 6150-6200 yuan/ton. The fundamentals of the field in Central China have not fluctuated much. The factory has basically completed the pre-order contracts, and there are not many vehicles in front of the factory. Today's reference price in Henan: excellent grade 5850 yuan/ton, waterless 6,700 - 6,750 yuan/ton.
Aftermarket forecast: China's ethanol market is expected to stabilize prices in the short term. In terms of edible ethanol: factories are mainly stabilizing prices, while downstream operators at on-site terminals are mainly in need of purchasing, and they still need to pay attention to subsequent downstream procurement plans. In terms of coal-to-ethanol: Due to production reduction due to commissioning of Anhui Tanxin plant, the spot supply of coal-to-coal is still tight. In terms of anhydrous ethanol: The Hongzhan Laha factory has resumed water-free production, and the downstream is replenished on demand, so that the goods can be shipped smoothly from the factories with goods. In terms of fuel ethanol: Most of the local refining sources are supplied from Northeast China. Freight charges in Northeast China continue to rise, and terminal prices follow suit.
Raw materials: Corn market prices are relatively strong, grassroots circulation is tight, and high temperature weather is approaching. Under the influence of the supply side, bullish sentiment in the market is strong. DDGS prices are operating weakly and steadily, the overall operating rate is declining, supply is tightening, but the demand in the terminal downstream market is not good. The price of dried cassava has been stable recently, and the cost of cassava alcohol has been relatively stable.
Supply: Hongzhan Laha and Jixian are producing at full capacity, Zhaodong COFCO's edible equipment is shut down, and fuel line production is produced. Jinyimeng was shut down without water, Chifeng Ruiyang started at half load, and others remained stable. Anhui Tanxin has temporarily suspended production on the 15th of this month due to plant commissioning and production reduction and the restart of Fukang Line 2/3 has been delayed until the end of the month.
Demand: In the off-season of liquor procurement, chemical stocks are expected to be replenished this week.
Logistics: Logistics in Northeast China is still tight and freight rates continue to rise.
