The rise of ethanol market price slowed down

According to the sample data monitored by business society, the domestic ethanol market fluctuated in a narrow range from March 25 to April 1. At the beginning of the week, the average price of domestic ethanol producers was 7250 yuan / ton, and the price rose to 7300 yuan / ton at the weekend. The price increased by 0.69% during the week, 5.04% month on month and 4.66% year-on-year.

 

The rise in domestic ethanol prices slowed this week. The price of raw corn is still high, and the transportation in some areas is still poor, resulting in insufficient operating rate of ethanol manufacturers. The shutdown of individual factories in Henan, the main production area, led to a rise in prices at the beginning of the week, but the high price fell with the recovery of supply. The lower reaches have a mentality of resistance to high price goods, and most of them just need to purchase.

 

PVA

In terms of raw materials, the high price of raw corn and cassava is strong, but the high price of ethanol stabilizes, and the short-term cost pressure of corn / cassava ethanol increases slowly. Molasses will continue to rise in the short term, and molasses ethanol cost pressure will continue to increase.

 

Comparison chart of corn (upstream raw material) – ethanol price trend of business society:

 

Downstream products, ethanol prices are hovering high. Baijiu factory takes into account the cost pressures and needs to purchase multiple dimensions. Downstream chemicals gradually accept high prices, but only maintain rigid demand.

 

Comparison chart of price trend of ethanol ethyl acetate (downstream products) of business society:

 

As of April 1, the latest price dynamics of ethanol market in various regions:

 

Region, Category, Price

Guangxi region Honey alcohol 7400-7700 yuan / ton

Guangxi region Corn / Cassava 95% alcohol 7400-7700 yuan / ton

Guangxi region Absolute ethanol 8250-8300 yuan / ton self withdrawal

Guangdong region Corn alcohol 7800 yuan / ton self withdrawal

Guangdong region Rice / Cassava general ethanol 7600-7650 yuan / ton self withdrawal

Guangdong region Anhydrous cassava ethanol 8250 yuan / ton, Dongguan self delivery

Henan region Superior 7250-7300 yuan / ton, ex factory tax included

Henan region Absolute ethanol 8100-8150 yuan / ton, ex factory tax included

Hebei region General level 6750 yuan / ton

Hebei region anhydrous 7600 yuan / ton

Sichuan region Corn alcohol 7600 yuan / ton, ex factory tax included

Yunnan region Molasses alcohol 7200-7250 yuan / ton, ex factory tax included

Shandong region General level 7700-7900 yuan / ton

Shandong region Superior corn 7300 yuan / ton

Shandong region Corn anhydrous 8000 yuan / ton

Southern Jiangsu General level 7500-7600 yuan / ton

Northern Jiangsu General level 7200-7300 yuan / ton

Northern Jiangsu Superior 7400 yuan / ton

Northern Jiangsu anhydrous 8100-8200 yuan / ton

Anhui region General level 7400-7500 yuan / ton, ex factory tax included

Anhui region anhydrous 8200-8300 yuan / ton, ex factory tax included

Jinzhou area, Liaoning Corn alcohol general grade 7350 yuan / ton

Heilongjiang Region General level 6950-7050 yuan / ton, tax included

Heilongjiang Region Absolute ethanol 6850-7000 yuan / ton

Jilin Region Ordinary alcohol 7050-7100 yuan / ton

Jilin Region Premium alcohol 7000-7200 yuan / ton

Jilin Region Absolute ethanol 8000-8200 yuan / ton, tax included

Transportation is limited, and the high price of raw corn restricts the commencement of corn ethanol. It is expected that there will be little short-term market supply. The ethanol analyst of business society predicts that the domestic ethanol market will mainly be sorted out at a high level in the short term.

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