On August 19, the general ethanol price index was 5822, down 21.5 from the previous working day and 0.37% month-on-month.
Today's domestic ethanol market is weak. Hot spots on August 19:1. The Northeast region is organized in a narrow manner. 2. East China is running steadily. 3. Maintain stability in central China. 4. The domestic market price of ethyl acetate stopped falling and rose. Major factories in Shandong bid for sales. The starting price continued to rise, and the market transaction volume increased.
Specifically, the Northeast region has been consolidated within a narrow range, Jilin market prices have fallen, and factory quotations have been lowered. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,600 - 5,650 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. The price of waterless is 6,300 - 6,550 yuan/ton. Heilongjiang reference price: general price 5,500 - 5,550 yuan/ton, waterless price 6,100 - 6,200 yuan/ton. Jinzhou general reference price is 5,850 - 5,900 yuan/ton. East China's operation is stabilizing, and cargo holders have a strong shipment sentiment, but terminal downstream demand is average. Reference price in northern Jiangsu: the general price is 5900 yuan/ton, and the waterless reference price is 6,500 - 6,600 yuan/ton. Anhui reference price: general price 5,850 - 5,900 yuan/ton, waterless price 6650 yuan/ton. Reference price in southern Jiangsu: general price is 6000 yuan/ton. Central China has maintained stable operation, with poor demand-side support and stable mainstream prices. Some factories may have maintenance notices this week due to equipment replacement. Henan reference price: premium price is 5900 yuan/ton, waterless price is 6650 yuan/ton.
Aftermarket outlook forecast: It is expected that the domestic ethanol market will be weak in the short term. In terms of edible ethanol: Stabilizing prices, terminal downstream demand has limited support for the market, factory shipments have been slow, and shippers have a strong shipment sentiment. The quotations of major northeastern factories weakened today. In terms of coal-to-ethanol: Market prices are deadlocked and stable. In terms of absolute ethanol: market fluctuations are limited, on-site supply remains in a tight balance, and terminal downstream operators just need to bid for participation. Fuel ethanol: Driven by the continuous rise in local refining prices, coupled with the increase in online prices of coal-based ethanol, this is good for price increases on the market.
Raw materials:Corn market prices are stable and weak. Deep processing companies continue to purchase at low prices. Traders have a strong shipment sentiment. Terminal downstream operators have demand to replenish warehouses. Prices of some companies increased slightly over the weekend. The price of DDGS is stable and consolidated, with downstream replenishment on demand. There is no significant increase in demand in the terminal market. In addition, the recent decline in DDGS prices has increased the wait-and-see mood on the market. The price of dried cassava has been stable recently, and the cost of cassava alcohol has been relatively stable。
Supply:The Huaxing plant in Mengzhou, Henan Province is operating on one line; the entire line of Wanli Runda in Heilongjiang Province has been put into operation. Jilin Xintianlong is expected to have product output on August 20. This week, Meihekou Fukang Line 4 and SDIC Yushu Plant resume production, with an expected increase in supply. There are no significant fluctuations in other devices.
Requirements:Demand for liquor continues to be weak, and downstream chemical companies just need to replenish their warehouses.
Logistics:Freight prices remain stable.
