In May, the domestic ethanol market was at a high level. According to the sample data monitored by the business club, the price at the beginning of the month was 7437 yuan / ton, and the price at the end of the month was 7533 yuan / ton, with a monthly increase of 1.29% and a year-on-year increase of 10.99%.
Annual comparison chart of ethanol prices from 2018 to 2022:
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At the beginning of the month, the recent rise in the price of raw corn brought cost support to the industry. Regionalization trend of domestic ethanol Market: large factories in Heilongjiang region received orders well, and the offer rose by 50 yuan / ton; The supply of large factories in Jilin gradually recovered, and the offer rose by 100 yuan / ton. East China is slightly weak, and the downstream chemical demand at the high price point is average. In Henan Province, the demand for high price points is limited, and some people have heard of individual low prices. The South China market has been operating steadily, and the low prices of some factories have decreased, but the buying still maintains the demand, so the market may have little room for substantial fluctuations.
In the first ten days of the month, the cost of ethanol was rising, the cost pressure of enterprises was increasing, the low price was reluctant to sell, the short-term inventory of ethanol enterprises was not high, and the market transaction was average. There are slight differences in the market conditions in various regions: the market in Henan fell first and then rose. After the factory made profit, the shipment improved, and the price rose immediately. There are many orders from large factories in Heilongjiang, Northeast China, and the prices of enterprises are raised by 50 yuan / ton. Small factories have a positive attitude towards shipping, and there are low prices in the market. The output of Jilin large factory increased, the orders were delivered, the food inventory was not high, and the enterprise quotation increased by 100 yuan / ton.
In late June, the prices of raw corn, cassava and molasses were strong, and the short-term ethanol market had strong cost support. As the weather warms up, the demand for Baijiu and chemical industry in the downstream gradually enters the off-season, and it is difficult to make a significant change in the demand in the near future. In addition, at this stage, the price of ethanol is at a high level, and the downstream will continue to maintain the rigid demand for procurement in the short term.
Monthly K column chart of domestic production price of ethanol:
Weekly K column chart of ethanol domestic production price of Business Club:
According to the price monitoring of the trading society, in April 2022, 41 commodities in the chemical industry sector rose month on month in the list of bulk commodity prices, of which 9 commodities increased by more than 5%, accounting for 8.2% of the monitored commodities in the sector; The top 3 commodities were formic acid (36.15%), caustic soda (13.35%) and flake soda (9.32%). A total of 66 commodities fell month on month, and 29 commodities fell by more than 5%, accounting for 26.4% of the monitored commodities in this sector; The products with the top three declines were propylene glycol (-20.05%), acetic acid (-18.39%) and glycine (-16.77%). The average increase or decrease in this month was -1.87%.
Comparison chart of corn (upstream raw material) and ethanol price trend of business community:
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Comparison chart of price trend of ethanol and ethyl acetate (downstream products) of Business Club:
As of May 30, the latest price dynamics of ethanol market in various regions:
Region, Category, Price
Sichuan region, Corn alcohol, 8100 yuan / ton ex factory tax included
Yunnan region, Molasses alcohol, Execute the order without quotation
Guangxi, Honey alcohol, Out of stock
Guangxi, Corn / Cassava 95% alcohol ., 7650-7800 yuan / ton
Guangxi, Anhydrous ethanol ., 8350-8450 yuan / ton self delivery
Guangdong, Corn alcohol ., 7700-7750 yuan / ton self delivery
Guangdong, Rice / Cassava general ethanol, 7700 yuan / ton self delivery
Guangdong, Anhydrous cassava ethanol, 8450 yuan / ton Dongguan self delivery
Henan region, Superior ., 7400-7400 yuan / ton, ex factory tax included
Henan region, Anhydrous ethanol, 8200-8250 yuan / ton, ex factory tax included
Hebei region, General grade, 7350-7400 yuan / ton, tax included
Shandong region, Common wheat, 7400-7450 yuan / ton
Shandong region, Superior corn, 7800 yuan / ton
Shandong region, Corn has no water, 8300-8400 yuan / ton
Southern Jiangsu, General grade, 7600-7700 yuan / ton
Northern Jiangsu, General grade, 7350-7400 yuan / ton
Northern Jiangsu, Superior, 7500-7550 yuan / ton
Northern Jiangsu, No water, 8300-8400 yuan / ton
Anhui region, General grade, 7500-7600 yuan / ton, ex factory tax included
Anhui region, No water, 8350 yuan / ton ex factory tax included
Jinzhou District, Liaoning Province, Corn alcohol general grade, 7400-7500 yuan / ton
Heilongjiang region, General grade, 6850-7050 yuan / ton, tax included
Heilongjiang region, Anhydrous ethanol, 7850-7950 yuan / ton
Jilin region, Ordinary alcohol, 7200-7250 yuan / ton, ex factory tax included
Jilin region, Premium alcohol, 7300-7350 yuan / ton ex factory tax included
Jilin region, Anhydrous ethanol, 8050-8300 yuan / ton, ex factory tax included
The high level of raw materials is strong, which will support the ethanol market. The supply in some regions has not been fully restored, and the price is supported in a short term or with intention. The supply in some regions increased, but the demand follow-up was average. The ethanol analysts of the business agency expect that the domestic ethanol market will be mainly sorted out in the short term.
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