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Ethanol: The domestic ethanol market stabilized slightly on July 3

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July 3, 2024, 4:22 PM

On July 3, the general ethanol price index was 5,975.5, maintaining stability.

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Today, the domestic ethanol market has stabilized and moved slightly. Hot spots on July 3:1. Maintain market stability in Northeast China. 2. Market prices in East China have been consolidated within a narrow range. 3. The market in Central China is temporarily operating steadily. 4. The domestic market price of ethyl acetate is temporarily stable. Major factories in Shandong are bidding for sales, the starting price is stable, and the transaction volume is high.

Specifically speaking, the overall stability of the Northeast region is affected by costs.With support from later maintenance, the factory maintained a stable price sentiment.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 6,350 - 6,600 yuan/ton. Heilongjiang reference price: general price 5,530 - 5,700 yuan/ton, waterless price 6,150 - 6,250 yuan/ton. The East China market has been consolidated in a narrow range, with cost support and more factories being overhauled this month, and the northern Jiangsu region is showing a slight increase. Today's reference price in Shandong: waterless cassava reference 6700 yuan/ton, general cassava reference 6000 yuan/ton, premium reference price 6700-6700 yuan/ton. Today's reference price in northern Jiangsu: the general reference price is 6,050 - 6,050 yuan/ton, which is 20 yuan/ton higher than the previous working day. No water refers to 6,700 - 6,800 yuan/ton including tax. Reference price in southern Jiangsu: general reference price 6100-6300 yuan/ton. Reference price in Anhui: general reference price 6100-6200 yuan/ton. Central China has been organized in a narrow range. The current vehicle volume in Henan has decreased, demand is poor, and the atmosphere in the venue is cold. Henan reference price: premium reference is 5,900 - 5,950 yuan/ton, waterless reference is 5750 yuan/ton.

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Aftermarket outlook forecast: It is expected that the domestic ethanol market will be consolidated within a narrow range in the short term. In terms of edible ethanol: The Northeast region is supported by the cost side, and holders mainly stabilize prices. On-site demand in Henan is not good, and prices are operating weakly and steadily under weak demand. In terms of coal-to-ethanol: Supply has rebounded, and coal-to-ethanol is expected to decline under the influence of the supply side. In terms of absolute ethanol: the factory mainly offers prices and purchases them on demand in the region. Fuel ethanol: Shandong's local refining industry continues to weaken, and industry operators are more bearish about the future outlook.

Raw materials:Corn market prices have been adjusted within a narrow range, with fewer surplus grains at the grassroots level and more rainy days in North China, and the bullish sentiment in the market is strong. DDGS prices have temporarily stabilized, and downstream operators in the market terminal have a strong wait-and-see attitude. The price of dried cassava has remained stable recently, and the cost of cassava alcohol has been relatively stable.

Supply:Hongzhan Jixian factory was shut down and Huaxing equipment in Mengzhou, Henan Province was repaired. The Huanan plant has resumed feeding, the SDIC Jidong fuel plant has resumed feeding, and Anhui COFCO has switched to eating. Jinyimeng was shut down without water, Chifeng Ruiyang started at half load, and others remained stable.

Requirements:whiteIn the off-season of wine procurement, downstream chemical industries replenish warehouses on demand.

Logistics:Freight dropped slightly.

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