In the last month of 2023, China's ethanol and fuel ethanol markets both weakened. Supply is relatively sufficient, demand is not high, and prices continue to weaken.
In December, the price of corn ethanol in Northeast China rose slightly in the early stage and continued to weaken. Fuel demand in Northeast China weakened this month. Production-losing companies adjusted production and increased food production. Due to the delay in shipping schedules in November, cargo was concentrated in December to pick up goods, companies actively prepared for ports, and snowfall in Northeast China decreased in December. Positive shipments of orders supported a slight rise in prices in the first half of the month. Freight rates remained high in the later period. As well as the completion of the execution of previous orders, the equipment in the ethyl methyl carbonate factory continued to shut down, and the equipment in the ethyl acetate factory stopped short in sudden times. The production of equipment production and shutdown at the East China plant of Eamine dropped, and demand fell. Corn prices weakened on the cost side, which was negative for ethanol prices. At the end of the month, freight rates began to fall slightly. Supply in Northeast China was sufficient, and prices continued to weaken despite limited downstream demand. Fermented fuel ethanol prices fluctuated within a narrow range in December. The fuel output of some companies declined this month, but the terminal demand was not high. In the early stage, major manufacturers executed main orders, and the price performance was firm, and freight rates remained high, resulting in the delivery price continuing to remain high. Delivery prices in a certain area reached 6900 yuan/ton. As refineries began to compress trucks, prices began to weaken in the late stage of the execution of large orders by companies, and company quotations began to weaken from the end of the month to the end of the month. At the end of the month, the main business began purchasing, and after the major manufacturers signed orders, it supported the rise in fuel prices. The coal-based ethanol equipment basically remained normal. Some shutdown companies continued to shut down, and the price performance in the early stage was stable, but the shipping mentality in the later stage was positive and the price fell rapidly. Baling Petrochemical has released ethanol products as a by-product of caprolactam in late this month. Henan corn ethanol was stable in December, with early orders shipped, and prices moved steadily. Snowfall weather affected shipments, but company shipments resumed after the snowfall stopped. Around mid-month, two factories in Mengzhou were accidentally shut down. The company's inventory was low and the price remained stable. In the later period, the demand for liquor rebounded slightly, and the company's equipment was unstable. Orders were delivered, and prices continued to remain stable. At the end of the month, shipments of equipment in Henan resumed generally, and prices continued to weaken. Cassava ethanol prices in East China rose first and then fell in December. This month, the start of cassava ethanol in East China was not high, and the main factory and equipment were shut down. This month, the main consumption of foreign sources was mainly consumed, and the company's quotations remained firm. For snowfall transportation in southern Jiangsu, first of all, companies 'quotations were firm, and then the port goods arrived significantly, the shipping mentality was positive, and the general output of a large factory in Anhui increased to a high level. Chemical orders had obvious advantages and market prices began to weaken. The equipment of the chemical ethyl acetate factory was temporarily suspended due to sudden reasons in late March, and the ethylamine factory was not running high, and the overall consumption dropped. In December, the overall supply in the Guangxi market was sufficient, and some factories switched to corn ethanol. The output of cassava ethanol decreased during the month. However, Guangxi molasses ethanol started increasing, and production companies were actively shipping. The downstream stock demand was lower than expected, and the market was mainly weak. Dongguan's corn ethanol replenishment is stable, and prices are running weak with the market.
