China’s domestic ethanol market price is declining

Recently, the domestic ethanol market has been declining continuously, and the market performance of different regions is slightly different. According to the sample data monitored by the business agency, as of April 21, the domestic ethanol market price was 6700 yuan / ton, with a month on month drop of 7.59% and a year-on-year rise of 25.23%.

 

In terms of domestic ethanol market, northeast and Henan ethanol markets are stable; East China ethanol market is down; Dongguan ethanol market is weak; Guangxi ethanol market is weak; Sichuan ethanol market is weak.

 

From the perspective of raw materials, corn prices continue to fluctuate. The supply of corn in the main production areas of China is increasing again, the rising trend of corn price is slowing down, and there are signs of small price drop in some areas, and some grain holders are still resistant to the price reduction. From the demand point of view, the domestic ethyl acetate Market rose regionally, the overall price of raw materials was high, and the offer price remained high and firm under the cost pressure of ethyl acetate manufacturers. For the downstream side, the rising trend of ethyl acetate was mainly based on rigid demand, and all aspects of the market were favorable, so the ethyl acetate Market remained high and strong.

 

Latest price trends of ethanol market in different regions:

 

Region, category, price

Shandong Province: 6600 yuan / ton

In Shandong Province, the price of “excellent corn” is 7300-7500 yuan / ton

In Shandong Province, < 7450 yuan / ton

Jiangsu Province: 6700-6750 yuan / ton

In Northern Jiangsu Province, the average price is 6650 yuan / ton

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

About 6600-6700 yuan / ton of cassava in Anhui Province

In Anhui Province, the price is about 7750-7750 yuan / ton

About 7800-7900 yuan / ton of corn alcohol in Sichuan

About 6900 yuan / ton of molasses alcohol in Yunnan

About 6900 yuan / ton of cassava alcohol in Yunnan

Henan Province: 6800-6850 yuan / ton, including tax

Anhydrous ethanol in Henan Province: 7550-7650 yuan / ton, tax included

Hebei Province: 7450-7500 yuan / ton

Hebei Province: 8100-8150 yuan / ton

Heilongjiang area ﹣ corn alcohol general grade ﹣ 6300-6400 yuan / ton, tax included

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

In Guangxi, the price of honey alcohol is 7150-7200 yuan / ton

Cassava alcohol in Guangxi is 6700-6950 yuan / ton

Guangxi region: 7500-7600 yuan / ton of anhydrous ethanol

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

About 7600-7800 yuan / ton of anhydrous cassava ethanol in Guangdong

Corn price consolidation operation, in the short run, there is no possibility of downstream demand recovery, market supply and demand imbalance, business community ethanol analysts expect that in the short run, corn ethanol weak consolidation.

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