On November 13, the general ethanol price index was 5,470.3, maintaining stability.
Today, China's ethanol market is stabilizing. Hot spots on November 13:1. Stabilizing prices in Northeast China is the main focus. 2. East China is temporarily operating stably. 3. Central China is operating weakly and stably. 4. The market price of ethyl acetate in China is weak. Major factories in Shandong are bidding for sales, the starting price is stable, market procurement is insufficient, and the trading atmosphere is not performing well.
Specifically speaking, the Northeast region is mainly stable in prices, and the main factories are mainly delivering pre-order contracts. Today's reference price in Jilin: the price of general-grade corn ethanol is 5,250 - 5,600 yuan/ton, and the price of anhydrous corn ethanol is 5,800 - 6,100 yuan/ton. Heilongjiang reference price: general price 5,050 - 5,100 yuan/ton. Jinzhou general reference price is 5600 yuan/ton. East China is operating steadily for the time being, and the enthusiasm of cargo holders to ship is fair. Reference price in northern Jiangsu: The general price is 5450 yuan/ton. The reference price for anhydrous water is 6,100 - 6,250 yuan/ton. Anhui reference price: general price 5,500 - 5,600 yuan/ton. The price of waterless is 6,200 - 6,500 yuan/ton. Reference price in southern Jiangsu: general price 5,650 - 5,800 yuan/ton. Shandong reference price: premium reference price 5,550 - 5,700 yuan/ton, waterless reference price 6,300 - 6,350 yuan/ton. Central China is operating weakly and steadily, and goods on the market are slow. Today's reference price in Henan: 5400 yuan/ton for excellent grade, and 6200 yuan/ton for absolute ethanol.
Aftermarket forecast: It is expected that China's ethanol market will stabilize and consolidate in the short term. In terms of edible ethanol: There was a lot of stability and small movements, with terminal downstream operators maintaining the need to purchase and enter the market; the Northeast region mainly delivered pre-order contracts, with new orders being sold only in average, and some holders expressed the intention to hold prices; Henan region stabilized after the decline, and goods on the market were slow. In terms of absolute ethanol: The operation is stable, and the on-site supply pressure is still acceptable. In terms of fuel ethanol: Holders still have the enthusiasm to ship, and local refining prices have increased in the early stage. However, the contradiction between supply and demand is difficult to change in the short term, and fuel ethanol remains weak and stable.
Raw materials:Corn market futures prices are consolidating at a low level, while spot prices are weakening. New grain in the main producing areas continues to increase, but downstream companies are not willing to build warehouses, good support on the market is limited, and market prices remain weak and volatile. The price of DDGS is stable and strong. Terminal downstream operators continue to need to purchase and enter the market. Alcohol companies still have some pre-order contracts, and the shipping pressure is still acceptable. Recently, the price of dried cassava has been weak and stable, and the cost of cassava alcohol production has suffered a significant loss.
Supply:Northeast region: Meihekou Fukang Lines 2 and 3 are normal, and Line 4 is expected to restart in the middle of the year; Wanli Runda and SDIC Tieling are 80% loaded; Liaoyuan Jufeng has been suspended for a long time; SDIC Jidong has short-term investment. Central China: One line of Huaxing plant in Mengzhou, Henan Province is operating; South China: Guangxi Jinyuan is shut down; other plants have no fluctuations.
Requirements:whiteDemand for wine has improved slightly, and downstream chemical companies just need to replenish their warehouses.
Logistics:Freight increased slightly.
