The domestic ethanol market is low, and the performance of each region is slightly different. According to the sample data monitored by the business agency, as of May 12, the domestic ethanol market price was 6620 yuan / ton, with a month on month decrease of 4.23% and a year-on-year increase of 14.88%.
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There are some differences in domestic ethanol market consolidation among different regions: Northeast, East China and Henan; The ethanol market in Dongguan is up, and the port quotation is stable; The ethanol market in Guangxi is up; The ethanol market in Yunnan is stable; Sichuan Baijiu market outlook, liquor demand in the off-season, the market turnover was light.
In terms of raw materials, the price of corn fluctuated and rebounded. Factors such as the rise of internal and external corn depots, some deep processing to supplement the depots, the weakening willingness of grain holders to sell grain, and the policy to stop shooting wheat boosted the market’s bullish sentiment. In May, China’s breeding and feeding corn will continue to grow. In the first half of the month, the breeding market is in the transition stage from off-season to peak season, and the growth rate of corn demand is slow. In the second half of the month, the peak season of demand is gradually approaching, and the contradiction of corn supply shortage is gradually highlighted. Downstream, the domestic ethyl acetate market continued to be weak. The price of acetic acid on raw material side dropped sharply, ethyl acetate itself had no power, and the downstream terminals were mainly rational about the purchase of ethyl acetate, the new orders in the market were insufficient, and the market passively followed the trend of raw material side weakening. The start-up of ethyl acetate industry is stable, the market spot supply is sufficient, the trend of raw material side continues to be weak, and ethyl acetate continues to follow the weak trend passively.
Latest price trends of ethanol market in different regions:
Region, category, price
Sichuan area Corn alcohol About 7500-7600 yuan / ton, including tax
Yunnan Province Molasses alcohol 6850 yuan / ton
Yunnan Province Cassava alcohol About 6900 yuan / ton
Heilongjiang area General grade of corn alcohol 6350 yuan / ton including tax
Jilin area Ordinary alcohol 6450 yuan / ton including tax
Guangxi region Honey alcohol 7150-7200 yuan / ton
Guangxi region Cassava alcohol 6700 yuan / ton
Guangxi region Anhydrous ethanol 7500 yuan / ton
Guangdong area Cassava alcohol About 7150-7200 yuan / ton
Guangdong area Anhydrous cassava ethanol About 7600-7800 yuan / ton
Shandong Province General level 6450-6550 yuan / ton
Shandong Province Superior grade of corn 6700-7400 yuan / ton
Shandong Province Corn without water 7300-7400 yuan / ton
Southern Jiangsu General level 6650-6700 yuan / ton
Northern Jiangsu General level 6450-6500 yuan / ton
Anhui Province Cassava general grade About 6450-6500 yuan / ton
Anhui Province anhydrous About 7400-7450 yuan / ton
Henan Province Top grade 6830-6850 yuan / ton, tax included
Henan Province Anhydrous ethanol 7400-7650 yuan / ton including tax
Hebei Province General level 7450-7500 yuan / ton
Hebei Province No water in coal 8100-8150 yuan / ton
Some large plants in Northeast China have been overhauling and lightening the load, while others have been gradually feeding. The overall market supply has increased. Business community ethanol analysts expect that in the short term, the domestic ethanol market will be dominated by consolidation.
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