I. Key Focus Points
Core Logic:
II. Price Table
Unit: CNY/ton, USD/bbl
Chempricehub Ethanol & Fuel Ethanol Related Products Morning Report
| Product | Region | 2026/10/22 | 2026/10/21 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 99.47 | 97.15 | +2.32 | |
| Brent | 113.17 | 108.82 | +4.35 | ||
| Domestic Gasoline Guide Price (89#) | 8475 | 8475 | Shandong | ||
| Dried Cassava | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Converted Plant Arrival Cost | 1993-1993 | 1993-1993 | East China, CNY/ton | ||
| Corn (Plant Arrival) | Heilongjiang | 1988-2037 | 1988-2037 | Heilongjiang | |
| Jilin | 2050-2100 | 2050-2100 | Jilin | ||
| Henan | 2130-2140 | 2130-2140 | Jiaozuo dry grain, 14% moisture | ||
| Shandong | 2202-2202 | 2202-2202 | Weifang dry grain, 14% moisture | ||
| Standard Grade | Heilongjiang (East) | 5050-5150 | 5050-5150 | Corn | |
| Heilongjiang (West) | 5180-5200 | 5180-5200 | Corn | ||
| Jilin | 5200-5250 | 5200-5250 | Corn | ||
| Shandong | - | - | Cassava, ex-factory | ||
| Shandong | 5650-5700 | 5650-5700 | Wheat | ||
| Northern Jiangsu | 5750-5750 | 5750-5750 | Cassava | ||
| Southern Jiangsu | 5850-5930 | 5850-5930 | Cassava, ex-factory | ||
| Anhui | 5800-5850 | 5800-5850 | Grain/Cassava | ||
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava | ||
| Premium Grade | Heilongjiang | 5100-5200 | 5100-5200 | East/West, Corn | |
| Jilin | 5300-5450 | 5300-5450 | Corn | ||
| Shandong | 5700-5750 | 5700-5750 | Wheat | ||
| Northern Jiangsu | 5800-5800 | 5800-5800 | |||
| Henan | 5680-5700 | 5680-5700 | Corn | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn | ||
| Jilin (Standard) | 5800-5870 | 5800-5870 | Corn, transactions mainly at low end | ||
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | Corn, transactions mainly at low end | ||
| Henan (Standard) | 6300-6300 | 6300-6300 | Corn | ||
| Henan (Electronic Grade) | 6350-6350 | 6350-6350 | Corn, no stock available | ||
| Northern Jiangsu | 6450-6500 | 6450-6500 | Cassava | ||
| Anhui | 6450-6500 | 6450-6500 | Grain/Cassava | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava | ||
| Port | Jinzhou Port | 5500-5500 | 5500-5500 | Standard grade, Corn | |
| Fuel Ethanol | Heilongjiang (East) | 5800-6087 | 5800-6087 | High-end price is delivered in Heilongjiang | |
| Heilongjiang (West) | 5800-6087 | 5800-6087 | High-end price is delivered in Heilongjiang | ||
| Liaoning | 6000-6317 | 6000-6317 | Delivered price in Liaoning | ||
| Jilin | 6237-6237 | 6237-6237 | Delivered price in Jilin | ||
| Panjin Local Refinery (Delivered) | - | - | |||
| Shandong Local Refinery (Delivered) | 5880-5880 | 5880-5880 | Delivered price | ||
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5750 | 5750 | Online starting bid price | |
| Anhui Starting Bid | 6010 | 6010 | Online starting bid price | ||
| Henan Standard | 6100 | 6100 | Quote, transaction negotiable | ||
| Henan High-end | - | - | Plant shutdown | ||
| Shandong | 6250 | 6250 | Plant shutdown | ||
| Hunan | 6100 | 6100 | Quote, transaction negotiable | ||
| Hebei | 6300 | 6300 | Quote, transaction negotiable | ||
| Hubei | 6100 | 6100 | Quote, transaction negotiable | ||
| Guangdong | 6650 | 6650 | Quote, transaction negotiable | ||
| Ethyl Acetate | East China (Self-pickup) | 6450-6650 | 6450-6770 | 0/-120 | |
| MTBE | Shandong (Self-pickup) | 8100-8200 | 8150-8250 | -50/-50 | |
| DDGS | Heilongjiang | 2070-2140 | 2080-2200 | -10/-60 | |
| Jilin | 2170-2270 | 2170-2270 | |||
| Henan | 2180-2180 | 2230-2230 | -50/-50 | ||
| Freight Tracking | West Heilongjiang-Shandong | 480-560 | 480-560 | 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 relatively cheap |
III. Data Table
| Data Type | This Week | Last Week | Expected Trend |
|---|---|---|---|
| Cassava Ethanol Profit | -279.51 | -279.51 | ↗ |
| 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 market. 2. Corn ethanol profit refers to production profit for corn ethanol in Heilongjiang, Northeast China market. 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 orders being shipped. Prices in East China are stable as downstream absorbs recent increases in the short term. Prices in Henan are stable in the short term but may decline after shut-down plants resume operations. Coal-based ethanol prices are stable with contract orders being shipped, resulting in no inventory pressure in the short term. Fuel ethanol prices are weak, with some sellers showing active shipping sentiment.
| Data | Release Date | Current Data | Expected Trend |
|---|---|---|---|
| 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 dimensions with changes within 0-3%. |
Chempricehub Ethanol & Fuel Ethanol Related 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 Guide Price (89#) | 7969 | 7969 | Shandong | ||
| Dried Cassava | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Converted Plant Arrival Cost | 1828-1856 | 1828-1856 | East China, CNY/ton | ||
| Corn (Plant Arrival) | 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 | |
| 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 low end | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn, transactions mainly at low 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 | Standard 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 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 13th) | ||
| Shandong | 5400 | 5460 | -60 | Quote | |
| Hunan | 5600 | 5600 | Quote | ||
| Hebei | 5600 | 5600 | Quote, transaction negotiable | ||
| 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 relatively cheap |
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