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Recently, the regional trend of China's ethanol market has been obvious, and the trends of different categories of ethanol are mixed. News of the overhaul of major corn ethanol factories in Northeast China was released. Good news on the supply side. Cost corn prices fluctuated within a narrow range. The production of ethanol companies remained mostly around the profit and loss level. Companies were not willing to cut prices. Some inventories of major factories shifted, orders were shipped, and small factories did not ship much at low prices, which supported the stability of corn ethanol prices in Northeast China. The price of corn ethanol in Henan has dropped to a low level. Liquor has just needed to be purchased, cross-regional arbitrage has opened up, and chemical purchases have increased. However, the overall supply has remained stable and prices have fluctuated at low levels. There are not many cassava ethanol starts in East China, and some foreign sources are consumed. The weakening of the prices of foreign sources affects local prices, following the trend of foreign sources. The supply of coal-based ethanol has increased. Anhui coal-based ethanol enterprises are producing at high loads, Shaanxi Yulin coal-based ethanol at full loads, Henan Anyang coal-based ethanol at full loads, and some of the output is produced at high-end without water. Hunan's by-product ethanol output has increased to 300 tons/day, there is obvious competition from major coal-based ethanol manufacturers, but downstream demand is limited and prices are seeping downward. The price of fermented fuel ethanol in Northeast China fell first and then rose. The price of the main factories weakened significantly after a positive attitude towards shipment in the early stage. After a slight increase in some main areas in the later stage, prices began to rise.
As of press time, the Jilin market price of Northeast enterprises was 5,750 - 5,900 yuan/ton, and Jilin had no water at 6,350 - 6,550 yuan/ton. The Heilongjiang market has a general level of 5,600 - 5,700 yuan/ton, and the Heilongjiang waterless market is 6,300 - 6,500 yuan/ton. The position in Northeast China is about 6,050 - 6,100 yuan/ton. The price of high-quality enterprises in Central China is 5900 yuan/ton, and the price of waterless is 6,700 - 6,750 yuan/ton. The price of ethanol in North Jiangsu in East China is 6050 yuan/ton. The price for anhydrous ethanol is 6,750 - 6,800 yuan/ton; the price for southern Jiangsu is 6350 yuan/ton. South China Guangxi cassava ethanol 6200 yuan/ton. Some regional refineries in Shandong delivered tax-inclusive prices of 5,950 - 6,300 yuan/ton. Coal ethanol in the west is 5750 yuan/ton. Henan coal-based ethanol is 6150 yuan/ton, and Anhui coal-based ethanol has not paid a price. Hunan 6,080 - 6,200 yuan/ton, the above prices of coal-based ethanol or by-product ethanol are quoted prices.
China's ethanol market is expected to stabilize or weaken regionally. News of maintenance in Northeast China has not yet been implemented. Currently, enterprises are maintaining normal production. Downstream demand is limited, and prices in other regions have weakened, which has affected downstream and traders to purchase from Northeast China and shift to other regions, resulting in a decline in orders in Northeast China and an increase in inventories. There is a possibility of slight weakness in Northeast China. Cross-regional price arbitrage is currently open in Henan, and downstream and traders have increased their willingness to purchase from Henan. There is a possibility that orders will increase, which will affect the price trend in Henan. In the short term, Huadong Chemical will purchase 7000 tons in a centralized manner, and it is expected that the price will drop within one transaction day. There are not many starts in East China, but companies have a positive shipping mentality and weak prices. In terms of fuel ethanol, major factories in Northeast China are not willing to cut prices, and the short-term main shipment price is expected to remain stable. Shipments of coal-based ethanol are weak, competition from large manufacturers is intensifying, and prices may be weakened.
