I. Key Focus Points
Core Logic:
II. Price Table
Unit: RMB/ton, USD/barrel
Chempricehub Daily Briefing on Ethanol and Fuel Ethanol Related Products
| Product | Region | 2026/9/18 | 2026/9/17 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 100.3 | 101.91 | -1.61 | |
| Brent | 103.87 | 104.82 | -0.95 | ||
| Domestic Gasoline Guidance Price (89#) | 8475 | 8475 | Shandong | ||
| Dried Cassava | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Converted Plant Cost | 1993-1993 | 1993-1993 | East China, RMB/ton | ||
| Corn (Inbound) | Heilongjiang | 2088-2140 | 2088-2140 | Heilongjiang | |
| Jilin | 2170-2270 | 2170-2270 | Jilin | ||
| Henan | 2160-2170 | 2190-2190 | -30/-20 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2226-2226 | 2232-2232 | -6/-6 | Weifang dry grain, 14% moisture | |
| Ordinary Grade | Heilongjiang (East) | 4900-5100 | 4900-5100 | Corn | |
| Heilongjiang (West) | 5000-5150 | 5000-5150 | Corn | ||
| Jilin | 5100-5170 | 5100-5170 | Corn | ||
| Shandong | - | - | Cassava, ex-factory | ||
| Shandong | 5420-5550 | 5420-5550 | Wheat | ||
| Northern Jiangsu | 5650-5650 | 5650-5650 | Cassava | ||
| Southern Jiangsu | 5650-5700 | 5650-5700 | Cassava, ex-factory | ||
| Anhui | 5700-5750 | 5650-5700 | +50/+50 | Grain/Cassava | |
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava | ||
| Premium Grade | Heilongjiang | 5000-5150 | 5000-5150 | East/West, Corn | |
| Jilin | 5200-5450 | 5200-5450 | Corn | ||
| Shandong | 5470-5600 | 5470-5600 | Wheat | ||
| Northern Jiangsu | 5650-5650 | 5650-5650 | |||
| Henan | 5550-5570 | 5550-5550 | 0/+20 | Corn | |
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn | ||
| Jilin (Standard) | 5850-5850 | 5850-5850 | Corn, transactions mainly at lower end | ||
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | Corn, transactions mainly at lower end | ||
| Henan (Standard) | 6150-6150 | 6150-6150 | Corn | ||
| Henan (Electronic Grade) | 6250-6250 | 6250-6250 | Corn, no stock available | ||
| Northern Jiangsu | 6400-6450 | 6400-6450 | Cassava | ||
| Anhui | 6400-6450 | 6400-6450 | Grain/Cassava | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava | ||
| Port | Jinzhou Port | 5350-5450 | 5350-5450 | Ordinary grade, Corn | |
| Fuel Ethanol | Heilongjiang (East) | 6100-6198 | 6100-6198 | High-end price is delivered to Heilongjiang | |
| Heilongjiang (West) | 6100-6198 | 6100-6198 | High-end price is delivered to Heilongjiang | ||
| Liaoning | 6426-6426 | 6426-6426 | Delivered price in Liaoning | ||
| Jilin | 6349-6349 | 6349-6349 | Delivered price in Jilin | ||
| Panjin Independent Refinery (Delivered) | - | - | |||
| Shandong Independent Refinery (Delivered) | 6060-6060 | 6030-6030 | +30/+30 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5800 | 5800 | Online starting bid price | |
| Anhui Starting Bid | 6010 | 6010 | Online starting bid price | ||
| Henan Standard | 6100 | 6100 | Quotation, negotiable upon transaction | ||
| Henan High-end | - | - | Shutdown | ||
| Shandong | 6180 | 6180 | Quotation, negotiable upon transaction | ||
| Hunan | 6150 | 6150 | Quotation, negotiable upon transaction | ||
| Hebei | 6300 | 6300 | Quotation, negotiable upon transaction | ||
| Hubei | 6180 | 6180 | Quotation, negotiable upon transaction | ||
| Guangdong | 6550 | 6450 | +100 | Quotation, negotiable upon transaction | |
| Ethyl Acetate | East China (Self-pickup) | 6400-6550 | 6300-6450 | +100/+100 | |
| MTBE | Shandong (Self-pickup) | 7800-7850 | 7820-7900 | -20/-50 | |
| DDGS | Heilongjiang | 2180-2210 | 2180-2210 | ||
| Jilin | 2260-2380 | 2260-2380 | |||
| Henan | 2300-2300 | 2300-2300 | |||
| Freight Tracking | Western Heilongjiang-Shandong | 470-520 | 470-520 | Ordinary ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| Eastern Heilongjiang-Shandong | 420-460 | 420-460 | Ordinary ethanol | ||
| Northwest-Shandong | 270-310 | 270-310 | |||
| Mengzhou-Chengdu | 360-390 | 360-390 | Return empty trucks are relatively cheap |
III. Data Table
| Data Type | This Week | Last Week | Current Period Expectation |
|---|---|---|---|
| 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 markets in East China/Northern Jiangsu. 2. Corn ethanol profit refers to production profit for corn ethanol markets in Northeast/Heilongjiang. 3. Molasses ethanol profit refers to production profit for molasses ethanol markets in southern regions. |
Unit: RMB/ton
IV. Market Outlook
Domestic ethanol prices are expected to remain stable to slightly stronger in the short term. In Northeast China, prices are stable to slightly stronger; shipments are proceeding according to contracted orders, pre-holiday inventory buildup is about to begin, freight rates are rising, and delivered prices are increasing. In East China, prices are stable to slightly stronger, driven by rigid demand from the chemical industry. In Henan, prices are stable, supported by rigid procurement from downstream users. Coal-based ethanol prices are stable, with shipments continuing according to orders. Fuel ethanol prices are maintaining a steady trend, with major suppliers ensuring supply stability.
| Data | Release Date | Current Period Data | 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 fluctuations, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow fluctuations, highlighting data dimensions with changes within 0-3%. |
Chempricehub Daily Briefing on Ethanol and Fuel Ethanol Related Products
| 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 Guidance Price (89#) | 7969 | 7969 | Shandong | ||
| Dried Cassava | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Converted Plant Cost | 1828-1856 | 1828-1856 | East China, RMB/ton | ||
| Corn (Inbound) | 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 | |
| Ordinary Grade | Heilongjiang (East) | 4820-4830 | 4820-4830 | Corn | |
| Heilongjiang (West) | 4850-4900 | 4850-4900 | Corn | ||
| Jilin | 4950-5050 | 4950-5050 | Corn | ||
| Shandong | 5400-5400 | 5400-5400 | Cassava, ex-factory | ||
| Shandong | 5150-5300 | 5150-5300 | Wheat | ||
| Northern Jiangsu | 5300-5300 | 5300-5300 | Cassava | ||
| Southern Jiangsu | 5400-5400 | 5400-5400 | Cassava, ex-factory | ||
| Anhui | 5350-5350 | 5350-5350 | Grain/Cassava | ||
| Guangxi | 5650-5700 | 5650-5700 | Cassava | ||
| Premium Grade | Heilongjiang | 4900-4950 | 4900-4950 | East/West, Corn | |
| Jilin | 5100-5450 | 5100-5450 | Corn | ||
| Shandong | 5300-5350 | 5300-5350 | Wheat | ||
| Northern Jiangsu | 5380-5380 | 5380-5380 | |||
| Henan | 5230-5250 | 5230-5250 | Corn | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5400-5450 | 5400-5450 | Corn | |
| Heilongjiang (Electronic Grade) | 5450-5500 | 5450-5500 | Corn | ||
| Jilin (Standard) | 5500-5850 | 5500-5850 | Corn, transactions mainly at lower end | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn, transactions mainly at lower end | ||
| Henan (Standard) | 5900-5950 | 5900-5950 | Corn | ||
| Henan (Electronic Grade) | - | - | Corn, no stock available | ||
| Northern Jiangsu | 5900-5900 | 5900-5900 | Cassava | ||
| Anhui | 5900-5950 | 5900-5950 | Grain/Cassava | ||
| Guangxi | 6350-6450 | 6350-6450 | Cassava | ||
| Port | Jinzhou Port | 5100-5200 | 5100-5200 | Ordinary grade, Corn | |
| 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 Independent Refinery (Delivered) | - | - | |||
| Shandong Independent Refinery (Delivered) | 5250-5250 | 5260-5290 | -10/-40 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5450 | 5450 | Online quotation | |
| Anhui Starting Bid | 5400 | - | Online starting bid price | ||
| Henan Standard | 5800 | 5800 | Hydrogenation of acetate esters | ||
| Henan High-end | - | - | Quotation (unit shut down on the 13th) | ||
| Shandong | 5400 | 5460 | -60 | Quotation | |
| Hunan | 5600 | 5600 | Quotation | ||
| Hebei | 5600 | 5600 | Quotation, 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 | Western Heilongjiang-Shandong | 280-300 | 280-300 | Ordinary ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| Eastern 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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