China’s domestic ethanol market weakness

In recent years, the domestic ethanol market is weak, and the market performance of different regions is different. According to the sample data monitored by the business agency, as of March 26, the domestic ethanol market price was 7212 yuan / ton, with a month on month drop of 0.35% and a year-on-year rise of 37.05%.

 

In terms of regional market conditions, the markets in Northeast, East China and Shandong are down, those in Henan are weak, those in South China and Guangxi are strong, those in Dongguan are weak, those in Anhui are weak, those in Sichuan are down, and those in Yunnan are stable.

 

From the perspective of raw materials, raw corn continued to weaken, domestic rainfall and warming weather were unfavorable for the long-term storage of tidal grain, traders and growers with limited grain storage conditions continued to produce grain, the supply of tidal grain was at a high level, coupled with the substitution of grain and the supplement of imported corn, the demand was expected to decrease, and the corn spot price continued to fall. From the perspective of demand, the demand for power in terminal chemical enterprises is insufficient, Baijiu demand is in the off-season, and the disinfection type alcohol has not recovered significantly, and the whole downstream demand is weak.

 

Latest price trends of ethanol market in different regions:

 

Region, category, price

Shandong Province: 6900-7000 yuan / ton

Shandong Province: 7500-7900 yuan / ton

In Shandong Province, ﹣ 7850-7900 yuan / ton

In southern Jiangsu Province, the average price is 7250-7300 yuan / ton

In the south of Jiangsu Province, ﹣ 7350-7450 yuan / ton

In Anhui Province, the average corn yield is about 7150-7200 yuan / ton

About 7100-7150 yuan / ton of cassava in Anhui Province

In Anhui Province, the price is about 8000-8050 yuan / ton

Henan Province ﹣ excellent grade ﹣ 7250-7300 yuan / ton, including tax

In Henan Province, ﹣ 7800-7950 yuan / ton of anhydrous ethanol including tax

Hebei Province: 7450-7500 yuan / ton

Hebei Province: 8100-8150 yuan / ton

In Heilongjiang Province, the general grade of corn alcohol is 6800-6900 yuan / ton, including tax

Jilin Province ﹣ 6650 yuan / ton of ordinary alcohol, tax included

About 8150-8300 yuan / ton of corn alcohol in Sichuan, including tax

About 7050 yuan / ton of molasses alcohol in Yunnan

About 6950 yuan / ton of cassava alcohol in Yunnan

In Guangxi, the price of honey alcohol is 7200-7300 yuan / ton

Cassava in Guangxi

Guangxi area: 7650-7800 yuan / ton of anhydrous ethanol

About 7150-7200 yuan / ton of cassava alcohol in Guangdong

About 7750-7950 yuan / ton of anhydrous cassava ethanol in Guangdong

Corn prices fluctuated. Some enterprises in Northeast China had maintenance plans in April, and they maintained low load production. However, due to weak downstream demand, poor delivery and slow destocking, ethanol analysts of business community predicted that corn ethanol would be weak in the short term.

Thiourea