I. Key Points
Core Logic:
II. Price List
Chempricehub Ethanol & Fuel Ethanol Related Products Morning Report
| Product | Region | 2026/11/4 | 2026/11/3 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 88.12 | 96.09 | -7.97 | |
| Brent | 94.62 | 103.6 | -8.98 | ||
| Domestic Gasoline Guidance Price (89#) | 8475 | 8475 | Shandong | ||
| Cassava Chips | Thailand | 240-245 | 240-245 | FOB, USD/ton | |
| Delivered Plant Cost | 1947-1984 | 1947-1984 | East China, CNY/ton | ||
| Corn (Plant Gate) | Heilongjiang | 1988-2037 | 1988-2037 | Heilongjiang | |
| Jilin | 2070-2100 | 2070-2100 | Jilin | ||
| Henan | 2190-2200 | 2190-2200 | Jiaozuo dry grain, 14% moisture | ||
| Shandong | 2260-2260 | 2250-2250 | +10/+10 | Weifang dry grain, 14% moisture | |
| Standard Grade | Heilongjiang (East) | 5150-5250 | 5150-5250 | Corn | |
| Heilongjiang (West) | 5250-5300 | 5250-5300 | Corn | ||
| Jilin | 5300-5450 | 5300-5450 | Corn | ||
| Shandong | - | - | Cassava, ex-factory | ||
| Shandong | 5650-5700 | 5650-5700 | Wheat | ||
| Northern Jiangsu | 5750-5780 | 5750-5780 | Cassava | ||
| Southern Jiangsu | 5950-6000 | 5950-6000 | Cassava, ex-factory | ||
| Anhui | 5750-5800 | 5750-5800 | Grain/Cassava | ||
| Guangxi | 5850-5900 | 5850-5900 | Molasses/Cassava | ||
| Premium Grade | Heilongjiang | 5200-5300 | 5200-5300 | East/West, Corn | |
| Jilin | 5450-5600 | 5450-5600 | Corn | ||
| Shandong | 5700-5750 | 5700-5750 | Wheat | ||
| Northern Jiangsu | 5800-5800 | 5800-5800 | |||
| Henan | 5610-5630 | 5610-5630 | Corn, low end is Xinxiang small plants | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5800-5900 | 5800-5900 | Corn | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn | ||
| Jilin (Standard) | 5800-5850 | 5800-5850 | Corn, mostly traded at low end | ||
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | Corn, mostly traded at low end | ||
| Henan (Standard) | 6150-6200 | 6150-6200 | Corn, low end is Xinxiang small plants | ||
| Henan (Electronic Grade) | 6250-6250 | 6250-6250 | Corn, no stock currently | ||
| Northern Jiangsu | 6450-6500 | 6450-6500 | Cassava | ||
| Anhui | 6450-6500 | 6450-6500 | Grain/Cassava | ||
| Guangxi | 6600-6700 | 6600-6700 | Cassava | ||
| Port | Jinzhou Port | 5600-5650 | 5600-5650 | Standard grade, Corn | |
| Fuel Ethanol | Heilongjiang (East) | 5800-6087 | 5800-6087 | Heilongjiang delivered | |
| Heilongjiang (West) | 5800-6087 | 5800-6087 | Heilongjiang delivered | ||
| Liaoning | 6000-6317 | 6000-6317 | Liaoning delivered price | ||
| Jilin | 5600-6237 | 5600-6237 | High-end Jilin delivered price | ||
| Panjin Local Refinery (Delivered) | - | - | |||
| Shandong Local Refinery (Delivered) | 5630-5660 | 5620-5670 | +10/-10 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5400 | 5400 | Online starting bid price, small orders | |
| Anhui Starting Bid | 5900 | 5850 | +50 | Online starting bid price | |
| Henan Standard | 5900 | 5900 | Quote, transaction negotiable | ||
| Henan High-end | - | - | Shut down | ||
| Shandong | 6200 | 6200 | Shut down | ||
| Hunan | 6100 | 6100 | Quote, transaction negotiable | ||
| Hebei | 6350 | 6350 | Quote, transaction negotiable | ||
| Hubei | 6050 | 6050 | Quote, transaction negotiable | ||
| Guangdong | 6600 | 6600 | Quote, transaction negotiable | ||
| Ethyl Acetate | East China (Self-pickup) | 6600-6900 | 6650-6950 | -50/-50 | |
| MTBE | Shandong (Self-pickup) | 7700-7750 | 7750-7780 | -50/-30 | |
| DDGS | Heilongjiang | 2020-2110 | 2070-2140 | -50/-30 | |
| Jilin | 2150-2280 | 2150-2280 | |||
| Henan | 2050-2050 | 2050-2050 | |||
| Freight Tracking | West Heilongjiang-Shandong | 480-540 | 480-540 | Standard grade ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| East Heilongjiang-Shandong | 380-430 | 380-430 | Standard grade ethanol | ||
| Northwest-Shandong | 270-350 | 270-350 | |||
| Mengzhou-Chengdu | 350-390 | 350-390 | 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 | 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 market. 3. Molasses ethanol profit refers to production profit for molasses ethanol in Southern markets. |
Unit: CNY/ton
IV. Market Outlook
Short-term domestic ethanol trends are expected as follows: Prices in Northeast regions remain stable with a slight upward bias, driven by previous order shipments. Prices in East China are stable, with downstream contract orders being shipped. In Henan, there are few vehicles waiting at plant gates, suggesting potential price declines. Coal-based ethanol prices are stable, supported by rigid downstream demand. Fuel ethanol prices are stable but weakly trending; some sellers show active disposal sentiment, indicating potential weakness.
| Data | Release Time | Current Period 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-range 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 Guidance Price (89#) | 7969 | 7969 | Shandong | ||
| Cassava Chips | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Delivered Plant Cost | 1828-1856 | 1828-1856 | East China, CNY/ton | ||
| Corn (Plant Gate) | 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, mostly traded at low end | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn, mostly traded at low end | ||
| Henan (Standard) | 5900-5950 | 5900-5950 | Corn | ||
| Henan (Electronic Grade) | - | - | Corn, no stock currently | ||
| 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 | Ethyl acetate hydrogenation | ||
| 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 are relatively cheap |
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