On November 26, the general ethanol price index was 5,342.5, down 74.8 from the previous working day and 1.38% month-on-month.
Today, China's ethanol market is weak and difficult to change. Hot spots on November 26:1. The Northeast region is weak and downward. 2. East China is stable and weak. 3. Consolidating the weaknesses in Central China. 4. The market price of ethyl acetate in China has been adjusted within a narrow range. The starting prices of major factories in Shandong have been stable, and the main procurement needs have been maintained.
Specifically, the Northeast region is weak and downward, and Jilin factories have lowered their offers to stimulate shipments. Today's reference price in Jilin: The price of general-grade corn ethanol is 5,050 - 5,150 yuan/ton, down 150 yuan/ton from the previous working day. The waterless price is 5,650 - 6,000 yuan/ton, which is 50 yuan/ton lower than the previous working day. Heilongjiang reference price: general price 4,950 - 5,050 yuan/ton. Jinzhou's general reference price is 5,400 - 5,450 yuan/ton, and the low-end price is reduced by 200 yuan/ton compared with the previous working day. The market in East China is stable and weak. Affected by the decline in surrounding markets, the offers of sellers have declined. 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: The general price is 5,500 - 5,650 yuan/ton, and the low-end price is reduced by 50 yuan/ton compared with the previous working day. Shandong reference price: premium reference price is 5,350 - 5,700 yuan/ton, waterless reference price of cassava is 6,200 - 6,350 yuan/ton. Central China's weak situation was sorted out. Premium Grade adjusted its price twice yesterday, and Wushui lowered its price today. Today's reference price in Henan: The premium reference price is 5250 yuan/ton, which is 30 yuan/ton lower than the previous working day. The reference for anhydrous ethanol of 6050 yuan/ton was reduced by 50 yuan/ton compared with the previous working day.
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 overall supply in the market is sufficient, and the enthusiasm of the holders to ship is still good. Affected by low-price sources in some areas, the factory was under pressure to lower its quotation. Although there is snowfall this week, it will affect market transportation and have a certain impact on market prices. There is support, but positive support is limited. It is expected that market prices will continue to be weak and volatile in the short term. In terms of absolute ethanol: It is stable and small. Downstream operators buy and enter the market on demand, and on-site shipments are still acceptable. In terms of fuel ethanol: Terminal receiving prices have a downward trend, and the cautious wait-and-see attitude in the market has not diminished. Coupled with the expected growth of the supply side, the fuel ethanol market price has weakened and fell under the game of supply and demand.
Raw materials:Corn market prices stopped falling and stabilized. As the weather cools down in Northeast China, corn storage conditions in the region have improved, farmers 'reluctance to sell has increased, and the purchase prices of deep processing companies have mainly stabilized; North China has experienced rainy weather this week, affecting market circulation. As the arrival of goods in front of deep processing, the volume has gradually decreased, and the quotations of some companies have been raised.DDGS market prices have been adjusted within a narrow range. Feed companies have digested more early inventories and maintained purchases that are just needed to enter the market. The market lacks 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.
