I. Key Points
Core Logic:
II. Price Table
Chempricehub Ethanol & Fuel Ethanol Products Morning Report
| Product | Region | 2026/10/8 | 2026/9/30 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 91.49 | 88.26 | +3.21 | |
| Brent | 104.28 | 100.2 | +4.08 | ||
| Domestic Gasoline Guideline Price (89#) | 8475 | 8475 | Shandong | ||
| Dried Cassava Chips | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Delivered Plant Cost | 1993-1993 | 1993-1993 | East China, CNY/ton | ||
| Corn (Delivered) | Heilongjiang | 1988-2037 | 2028-2058 | -40/-21 | Heilongjiang |
| Jilin | 2090-2160 | 2140-2270 | -50/-110 | Jilin | |
| Henan | 2160-2180 | 2220-2220 | -60/-40 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2180-2180 | 2180-2180 | Weifang dry grain, 14% moisture | ||
| Standard Grade | Heilongjiang (East) | 4900-5100 | 4900-5100 | Corn-based | |
| Heilongjiang (West) | 5000-5150 | 5000-5150 | Corn-based | ||
| Jilin | 5150-5230 | 5150-5230 | Corn-based | ||
| Shandong | - | - | Cassava-based, ex-factory | ||
| Shandong | 5500-5550 | 5500-5550 | Wheat-based | ||
| Northern Jiangsu | 5700-5700 | 5700-5700 | Cassava-based | ||
| Southern Jiangsu | 5700-5750 | 5700-5750 | Cassava-based, ex-factory | ||
| Anhui | 5700-5750 | 5700-5750 | Grain/Cassava-based | ||
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava-based | ||
| Premium Grade | Heilongjiang | 5000-5150 | 5000-5150 | East/West regions, corn-based | |
| Jilin | 5280-5450 | 5280-5450 | Corn-based | ||
| Shandong | 5550-5600 | 5550-5600 | Wheat-based | ||
| Northern Jiangsu | 5750-5750 | 5750-5750 | |||
| Henan | 5550-5590 | 5590-5600 | -40/-10 | Corn-based | |
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn-based | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn-based | ||
| Jilin (Standard) | 5850-5900 | 5850-5900 | Corn-based, mostly low-end transactions | ||
| Jilin (Electronic Grade) | 5920-5950 | 5920-5950 | Corn-based, mostly low-end transactions | ||
| Henan (Standard) | 6250-6250 | 6250-6250 | Corn-based | ||
| Henan (Electronic Grade) | 6300-6300 | 6300-6300 | Corn-based, no stock available | ||
| Northern Jiangsu | 6450-6500 | 6450-6500 | Cassava-based | ||
| Anhui | 6400-6450 | 6450-6500 | -50/-50 | Grain/Cassava-based | |
| Guangxi | 6500-6600 | 6500-6600 | Cassava-based | ||
| Port | Jinzhou Port | 5450-5500 | 5450-5500 | Standard grade, corn-based | |
| Fuel Ethanol | Heilongjiang (East) | 5800-6129 | 5800-6129 | High-end price is delivered to Heilongjiang | |
| Heilongjiang (West) | 5800-6129 | 5800-6129 | High-end price is delivered to Heilongjiang | ||
| Liaoning | 6000-6426 | 6000-6426 | Delivered price in Liaoning | ||
| Jilin | 6240-6349 | 6240-6349 | Delivered price in Jilin | ||
| Panjin Local Refinery (Delivered) | - | - | |||
| Shandong Local Refinery (Delivered) | 6030-6050 | 6130-6160 | -100/-110 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5750 | 5750 | Online starting bid price | |
| Anhui Starting Bid | 6010 | 6030 | -20 | Online starting bid price | |
| Henan Standard | 6100 | 6100 | Quoted price, negotiable upon transaction | ||
| Henan High-end | - | - | Plant shutdown | ||
| Shandong | 6180 | 6180 | Plant shutdown | ||
| Hunan | 6050 | 6050 | Quoted price, negotiable upon transaction | ||
| Hebei | 6300 | 6300 | Quoted price, negotiable upon transaction | ||
| Hubei | 6100 | 6100 | Quoted price, negotiable upon transaction | ||
| Guangdong | 6550 | 6550 | Quoted price, negotiable upon transaction | ||
| Ethyl Acetate | East China (Self-pickup) | 6700-6820 | 6650-6770 | +50/+50 | |
| MTBE | Shandong (Self-pickup) | 8150-8330 | 8000-8000 | +150/+330 | |
| DDGS | Heilongjiang | 2180-2210 | 2180-2210 | ||
| Jilin | 2230-2280 | 2260-2380 | -30/0 | ||
| Henan | 2300-2300 | 2300-2300 | |||
| Freight Tracking | West Heilongjiang - Shandong | 460-500 | 460-500 | Standard grade ethanol | |
| Henan - Shandong | 100-200 | 100-200 | |||
| East Heilongjiang - Shandong | 400-440 | 400-440 | Standard grade ethanol | ||
| Northwest - Shandong | 270-310 | 270-310 | |||
| Mengzhou - Chengdu | 360-390 | 360-390 | Return empty trucks are relatively cheap |
Unit: CNY/ton, USD/barrel
III. Data Table
| Data Type | This Week | Last Week | Expected Trend |
|---|---|---|---|
| Cassava Ethanol Profit | -518.8 | -518.8 | ↗ |
| Corn Ethanol Profit | -138.75 | -138.75 | ↗ |
| Coal-based Ethanol Profit | 300 | 300 | ↗ |
| Remarks: 1. Cassava ethanol profit refers to production profit for cassava ethanol in Northern Jiangsu (East China). 2. Corn ethanol profit refers to production profit for corn ethanol in Heilongjiang (Northeast). 3. Molasses ethanol profit refers to production profit for molasses ethanol in southern markets. |
Unit: CNY/ton
IV. Market Outlook
Domestic ethanol prices are expected to remain stable in the short term. Prices in Northeast China are stable, with potential increases in certain categories. Prices in East China are stable, with chemical industries potentially resuming procurement gradually. Prices in Henan are stable but slightly weak due to limited downstream demand and increasing inventory. Coal-based ethanol prices are stable, with shipments proceeding according to contract orders. Fuel ethanol prices are maintaining a steady trend, with no inventory buildup at plants.
| Data | Release Date | Current Value | Trend Forecast |
|---|---|---|---|
| Ethanol Operating Rate | Thursday 15:00 PM | 59.19% | ↗ |
| Ethyl Acetate Operating Rate | Thursday 15:00 PM | 51.08% | ↗ |
| Remarks: 1. ↑↓ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow fluctuation, highlighting data with changes within 0-3%. |
Chempricehub Ethanol & Fuel Ethanol Products Morning Report
| Product | Region | 2025/10/28 | 2025/10/27 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 60.15 | 61.31 | -1.16 | |
| Brent | 64.4 | 65.62 | -1.22 | ||
| Domestic Gasoline Guideline Price (89#) | 7969 | 7969 | Shandong | ||
| Dried Cassava Chips | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Delivered Plant Cost | 1828-1856 | 1828-1856 | East China, CNY/ton | ||
| Corn (Delivered) | Heilongjiang | 1955-2002 | 1955-2002 | Heilongjiang | |
| Jilin | 2010-2090 | 2020-2090 | -10/0 | Jilin | |
| Henan | 2200-2210 | 2200-2210 | Jiaozuo dry grain, 14% moisture | ||
| Shandong | 2170-2170 | 2160-2160 | +10/+10 | Weifang dry grain, 14% moisture | |
| Standard Grade | Heilongjiang (East) | 4820-4830 | 4820-4830 | Corn-based | |
| Heilongjiang (West) | 4850-4900 | 4850-4900 | Corn-based | ||
| Jilin | 4950-5050 | 4950-5050 | Corn-based | ||
| Shandong | 5400-5400 | 5400-5400 | Cassava-based, ex-factory | ||
| Shandong | 5150-5300 | 5150-5300 | Wheat-based | ||
| Northern Jiangsu | 5300-5300 | 5300-5300 | Cassava-based | ||
| Southern Jiangsu | 5400-5400 | 5400-5400 | Cassava-based, ex-factory | ||
| Anhui | 5350-5350 | 5350-5350 | Grain/Cassava-based | ||
| Guangxi | 5650-5700 | 5650-5700 | Cassava-based | ||
| Premium Grade | Heilongjiang | 4900-4950 | 4900-4950 | East/West regions, corn-based | |
| Jilin | 5100-5450 | 5100-5450 | Corn-based | ||
| Shandong | 5300-5350 | 5300-5350 | Wheat-based | ||
| Northern Jiangsu | 5380-5380 | 5380-5380 | |||
| Henan | 5230-5250 | 5230-5250 | Corn-based | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5400-5450 | 5400-5450 | Corn-based | |
| Heilongjiang (Electronic Grade) | 5450-5500 | 5450-5500 | Corn-based | ||
| Jilin (Standard) | 5500-5850 | 5500-5850 | Corn-based, mostly low-end transactions | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn-based, mostly low-end transactions | ||
| Henan (Standard) | 5900-5950 | 5900-5950 | Corn-based | ||
| Henan (Electronic Grade) | - | - | Corn-based, no stock available | ||
| Northern Jiangsu | 5900-5900 | 5900-5900 | Cassava-based | ||
| Anhui | 5900-5950 | 5900-5950 | Grain/Cassava-based | ||
| Guangxi | 6350-6450 | 6350-6450 | Cassava-based | ||
| Port | Jinzhou Port | 5100-5200 | 5100-5200 | Standard grade, corn-based | |
| Fuel Ethanol | Heilongjiang (East) | 5200-5200 | 5200-5200 | ||
| Heilongjiang (West) | 5250-5250 | 5250-5250 | |||
| Liaoning | 5500-5500 | 5500-5500 | |||
| Jilin | 5400-5400 | 5400-5400 | |||
| Panjin Local Refinery (Delivered) | - | - | |||
| Shandong Local Refinery (Delivered) | 5250-5250 | 5260-5290 | -10/-40 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5450 | 5450 | Online quote | |
| Anhui Starting Bid | 5400 | - | Online starting bid price | ||
| Henan Standard | 5800 | 5800 | Hydrogenation of acetate esters | ||
| Henan High-end | - | - | Quote (plant shut down on the 13th) | ||
| Shandong | 5400 | 5460 | -60 | Quote | |
| Hunan | 5600 | 5600 | Quote | ||
| Hebei | 5600 | 5600 | Quote, negotiable upon transaction | ||
| Guangdong | - | - | |||
| Guangdong High-end | 5950 | 6100 | -150 | High-end, purity 99.9% | |
| Ethyl Acetate | East China (Self-pickup) | 5140-5200 | 5140-5200 | ||
| MTBE | Shandong (Self-pickup) | 4850-4950 | 4900-4950 | -50/0 | |
| DDGS | Heilongjiang | 2030-2150 | 2030-2150 | ||
| Jilin | 1950-2250 | 1950-2250 | |||
| Henan | 2330-2330 | 2330-2330 | |||
| Freight Tracking | West Heilongjiang - Shandong | 280-300 | 280-300 | Standard grade ethanol | |
| Henan - Shandong | 100-200 | 100-200 | |||
| East Heilongjiang - Shandong | 330-370 | 330-370 | Fuel ethanol | ||
| Northwest - Shandong | 260-270 | 260-270 | |||
| Mengzhou - Chengdu | 250-300 | 250-300 | Return empty trucks are relatively cheap |
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