Narrow range fluctuation of ethanol market in June

In June, the domestic ethanol market fluctuated in a narrow range. According to the sample data monitored by the business club, the price was 7500 yuan / ton at the beginning of the month and 7483 yuan / ton at the end of the month (June 27), a decrease of 0.22% within the month and a year-on-year increase of 7.87%.

 

PVA 1799 (PVA BF17)

At the beginning of the month, the number of raw wheat on the market gradually increased. Due to the auction of aged rice and other factors, enterprises were more cautious in acquisition, the feed demand was relatively weak, and the corn price was weak. Some units in some regions have maintenance plans, and some units that have been shut down for a long time will soon resume normal production. There is no significant change in the supplier in the short term. In terms of demand, whether it is Baijiu or ethyl acetate downstream of chemical industry, the recent demand is good.

 

In the middle of May, domestic ethanol was still in the off-season of demand, and the price was mostly volatile. The quotation of production enterprises mostly fluctuates in a narrow range. There are slight differences among regions. The Northeast market has a downward trend in Heilongjiang, with orders from the main factories in the field, and low inventory pressure. At the early stage of Jilin market, the parking device has not heard of the start-up plan yet, and the on-site demander mainly consumes the spot goods of large manufacturers in Heilongjiang.

 

In late June, the domestic ethanol market was dominated by shock consolidation. At present, the supply side is relatively stable, but the demand performance is weak.

 

According to the price monitoring of the business club, in the first half of 2022 (1.1-6.30), 136 commodities rose month on month in the list of bulk commodity prices, mainly in the chemical sector (64 in total) and the agricultural and sideline sector (16 in total), and the commodities with an increase of more than 5% were mainly in the chemical sector; The top 3 commodities with growth rate were butadiene (152.15%), lithium hydroxide (118.46%) and sulfur (89.80%). A total of 95 commodities fell month on month, mainly in the chemical industry (43 in total) and steel (15 in total), and commodities with a decline of more than 5% were mainly in the chemical industry sector; The commodities with the top three declines were electrolytic manganese (-57.47%), magnesium (-46.60%) and glycine (-45.71%). In this half year, the average increase and decrease was 6.53%.

 

PVA

As of June 27, the latest price dynamics of ethanol market in various regions:

 

Region, Category, Price

Guangxi region Honey alcohol 8250-8300 yuan / ton

Guangxi region Corn / Cassava 95% alcohol 7650-7800 yuan / ton

Guangxi region Anhydrous ethanol 8350-8400 yuan / ton self delivery

Guangdong region Corn alcohol Suspended quotation without goods

Guangdong region Rice / Cassava general ethanol 7600-7750 yuan / ton self delivery

Guangdong region Anhydrous cassava ethanol 8450-8550 yuan / ton Dongguan self delivery

Sichuan region Corn alcohol 8000 yuan / ton ex factory tax included

Yunnan region Molasses alcohol 8200-8250 yuan / ton

Henan region Superior 7350 yuan / ton ex factory tax included

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

Hebei region General level 7350-7400 yuan / ton, tax included

Shandong region Common wheat 7250-7300 yuan / ton

Shandong region Superior corn 7800-7900 yuan / ton

Shandong region Corn anhydrous 8150-8200 yuan / ton

Southern Jiangsu General level 7450-7500 yuan / ton

Northern Jiangsu General level 7250-7300 yuan / ton

Northern Jiangsu Superior 7400 yuan / ton

Northern Jiangsu anhydrous 8100-8200 yuan / ton

Anhui region General level 7250-7350 yuan / ton, ex factory tax included

Anhui region anhydrous 8200 yuan / ton ex factory tax included

Jinzhou area, Liaoning Province Corn alcohol general grade 7350-7400 yuan / ton

Heilongjiang Region General level 6850-7000 yuan / ton, tax included

Heilongjiang Region Anhydrous ethanol 7900-8000 yuan / ton

Jilin Region Ordinary alcohol 7050-7250 yuan / ton, ex factory tax included

Jilin Region Premium alcohol 7150-7200 yuan / ton, ex factory tax included

Jilin Region Anhydrous ethanol 7750-8200 yuan / ton, ex factory tax included

 

At present, the downstream demand is relatively light, the demand for Baijiu is in the off-season, and the ethyl acetate device has been started, which may drive the demand in a narrow range. The ethanol analysts of the business agency expect that the domestic ethanol market will be mainly sorted out in the short term.

http://www.pva-china.net

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