On November 19, the general ethanol price index was 5,423.3, down 21.5 from the previous working day and 0.39% month-on-month.
Today's weak ethanol market in China is consolidated. Hot spots on November 19:1. Consolidation of weaknesses in Northeast China. 2. East China is operating weakly and steadily. 3. Central China is temporarily operating stably. 4. The market price of ethyl acetate in China has been adjusted within a narrow range. The starting price of major factories in Shandong has been lowered, and low-priced transactions have increased.
Specifically, supply expectations in the Northeast region have rebounded, and market operators have strong bearish sentiment. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,200 - 5,300 yuan/ton, the low-end price is reduced by 50 yuan/ton compared with the previous working day, and the high-end price is reduced by 300 yuan/ton compared with the previous working day. The waterless price is 5,700 - 6,100 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. Heilongjiang reference price: The general price is 4,950 - 5,050 yuan/ton, which is 50 yuan/ton lower than the previous working day. Jinzhou general reference price is 5600 yuan/ton. East China is operating weakly and steadily, and the trading atmosphere on the floor is poor. Reference price in northern Jiangsu: The general price is 5450 yuan/ton. The reference price for anhydrous water is 6,100 - 6,200 yuan/ton, and the high-end price is reduced by 50 yuan/ton compared with the previous working day. Anhui reference price: general price 5,500 - 5,600 yuan/ton. The waterless price is 6,150 - 6,500 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. Reference price in southern Jiangsu: general price 5,600 - 5,750 yuan/ton. Shandong reference price: The excellent reference price is 5,450 - 5,700 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. The reference price of cassava without water is 6,200 - 6,350 yuan/ton, which is 50 yuan/ton lower than the next working day. Central China is operating weakly and stably, and cost support is weak. 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 be weak and volatile in the short term. In terms of edible ethanol: maintenance equipment has been restored as scheduled, on-site supply is expected to increase, and operators are bearish about the future outlook; in terms of anhydrous ethanol: the operation is stable, and on-site spot supply is tight. Downstream operators buy on demand, and on-site shipments are acceptable. Fuel ethanol: Shandong local refining prices continue to climb, boosting the intention of holders to support prices. In addition, the current on-site inventory pressure is still acceptable, and downstream receiving sentiment is cautious after the price rebounds.
Raw materials:Corn market prices are stabilizing; there is a significant amount of new grain in Jilin. Affected by the weather, farmers have limited conditions for storing corn, and the selling sentiment is high. Traders maintain low prices for purchases; North China has experienced great stability and small movements, and some companies have raised prices to promote revenue. In terms of futures, there is an upward trend on the market, which provides certain positive support for the market, and prices in the sales area remain firm.The price of DDGS market is stable and weak. Some alcohol companies have implemented pre-order contracts, and the shipping pressure is still good. However, the demand in the downstream market is average and lacks the support of obvious positive factors. The price of dried cassava is weak and stable, and the costs of cassava production enterprises are still at a loss.
Supply:Northeast region: Fukang Lines 2 and 3 in Meihekou are normal, and Line 4 is resuming feeding; Jilin Dongfeng and Heilongjiang Shenglong resume feeding; Liaoyuan Jufeng has been shut down for a long time; Central China: Huaxing plant in Mengzhou, Henan Province has been restored; South China: Guangxi Jinyuan has been shut down; other devices have no fluctuations.
Requirements:whiteDemand for wine has improved slightly, and downstream chemical companies just need to replenish their warehouses.
Logistics:Freight increased slightly.
