On November 20, the general ethanol price index was 5,423.3, maintaining stability.
Today, China's ethanol market stabilizes prices and waits and sees. Hot spots on November 20:1. The Northeast region is operating weakly and stably. 2. East China is temporarily operating stably. 3. Maintain stability in central China. 4. The market price of ethyl acetate in China has increased widely. The starting price of major factories in Shandong has been increased, some orders have been replenished, and transactions at a premium have been positive.
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, and the price of anhydrous corn ethanol is 5,700 - 6,100 yuan/ton. Heilongjiang reference price: general price 4,950 - 5,050 yuan/ton. Jinzhou general reference price is 5600 yuan/ton. East China is operating steadily for the time being, with limited price fluctuations in small orders. 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. Anhui reference price: general price 5,500 - 5,600 yuan/ton. The price of waterless is 6,150 - 6,500 yuan/ton. Reference price in southern Jiangsu: general price 5,600 - 5,750 yuan/ton. Shandong reference price: Excellent reference price is 5,450 - 5,700 yuan/ton. The reference price of cassava waterless is 6,200 - 6,350 yuan/ton. Central China maintains stable operation, and main factories mainly stabilize prices. Today's Henan reference price: premium grade reference is 5380 yuan/ton, anhydrous ethanol reference is 6200 yuan/ton.
Aftermarket forecast: It is expected that China's ethanol market will be weak and volatile in the short term. In terms of edible ethanol: The quotations from major factories in Northeast China were lowered this week, and there is limited room for further downside. Some chemical companies have concentrated procurement demand this week, and the market price is weak and stable for a short period of time; in terms of absolute ethanol: stable to weak, and downstream companies purchase and enter the market on demand. On-site shipments are acceptable. In terms of fuel ethanol: Shandong's local refining prices are stable and strong, and the holders have obvious intentions to support prices. In addition, the current on-site inventory pressure is still acceptable, and downstream operators are cautious about high-priced sources of goods.
Raw materials:Corn market prices are stabilizing; as new grains continue to be listed in Northeast China, the supply of grain sources in the production areas is relatively sufficient, and it is more difficult to store grain, which has led to a further increase in farmers 'enthusiasm for shipping; North China has experienced great stability and small movements, and downstream companies purchase on demand. Willingness to inventory is not high; corn market prices in the sales areas are stable and strong, with limited room for growth, and market purchases and sales are stable.DDGS market prices have been consolidated within a narrow range, feed companies have digested more pre-order contracts, and traders have flexibly negotiated prices and shipped goods. 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.
