Sep 28: US-Iran relations remain deadlocked, sustaining market concerns over supply risks and driving international crude oil prices higher. NYMEX WTI crude oil futures (November contract) rose by $0.19/bbl to $92.60, a +0.21% change; ICE Brent crude oil futures (November contract) rose by $0.96/bbl to $105.28, a +0.92% change. China INE crude oil futures (contract 2611) rose by 9.3 yuan/bbl to 734.1 yuan/bbl during the day session but fell by 22.5 yuan/bbl to 711.6 yuan/bbl in the night session.
Core Logic:
Unit: Yuan/ton, USD/barrel
Chempricehub Ethanol & Fuel Ethanol Products Morning Report
| Product | Region | 2026/9/28 | 2026/9/24 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 92.6 | 92.41 | +0.19 | |
| Brent | 105.28 | 104.32 | +0.96 | ||
| Domestic Gasoline Guidance Price (89#) | 8475 | 8475 | Shandong | ||
| Dried Cassava | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Converted Delivered Price | 1993-1993 | 1993-1993 | East China, Yuan/ton | ||
| Corn (Plant Intake) | Heilongjiang | 2028-2058 | 2088-2140 | -60/-82 | Heilongjiang |
| Jilin | 2140-2270 | 2170-2270 | -30/0 | Jilin | |
| Henan | 2180-2190 | 2150-2180 | +30/+10 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2180-2180 | 2210-2210 | -30/-30 | Weifang dry grain, 14% moisture | |
| Standard Grade | Heilongjiang (East) | 4900-5100 | 4900-5100 | Corn | |
| Heilongjiang (West) | 5000-5150 | 5000-5150 | Corn | ||
| Jilin | 5150-5230 | 5150-5200 | 0/+30 | Corn | |
| Shandong | - | - | Cassava, Ex-factory | ||
| Shandong | 5500-5550 | 5500-5550 | Wheat | ||
| Northern Jiangsu | 5700-5700 | 5650-5650 | +50/+50 | Cassava | |
| Southern Jiangsu | 5650-5700 | 5650-5700 | Cassava, Ex-factory | ||
| Anhui | 5700-5750 | 5700-5750 | Grain/Cassava | ||
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava | ||
| Premium Grade | Heilongjiang | 5000-5150 | 5000-5150 | East/West, Corn | |
| Jilin | 5280-5450 | 5250-5450 | +30/0 | Corn | |
| Shandong | 5550-5600 | 5550-5600 | Wheat | ||
| Northern Jiangsu | 5750-5750 | 5700-5700 | +50/+50 | ||
| Henan | 5590-5600 | 5550-5570 | +40/+30 | Corn | |
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn | ||
| Jilin (Standard) | 5850-5900 | 5850-5900 | Corn, mostly low-end transactions | ||
| Jilin (Electronic Grade) | 5920-5950 | 5920-5950 | Corn, mostly low-end transactions | ||
| Henan (Standard) | 6250-6250 | 6200-6200 | +50/+50 | Corn | |
| Henan (Electronic Grade) | 6300-6300 | 6250-6250 | +50/+50 | Corn, no stock available | |
| Northern Jiangsu | 6450-6500 | 6400-6450 | +50/+50 | Cassava | |
| Anhui | 6400-6450 | 6400-6450 | Grain/Cassava | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava | ||
| Port | Jinzhou Port | 5450-5500 | 5450-5500 | Standard grade, Corn | |
| Fuel Ethanol | Heilongjiang (East) | 6100-6198 | 6100-6198 | High price is delivered to Heilongjiang | |
| Heilongjiang (West) | 6100-6198 | 6100-6198 | High price is delivered to Heilongjiang | ||
| Liaoning | 6426-6426 | 6426-6426 | Delivered price in Liaoning | ||
| Jilin | 6349-6349 | 6349-6349 | Delivered price in Jilin | ||
| Panjin Local Refinery (Delivered) | - | - | |||
| Shandong Local Refinery (Delivered) | 6130-6160 | 6030-6100 | +100/+60 | 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, negotiable upon transaction | ||
| Henan High End | - | - | Plant shutdown | ||
| Shandong | 6180 | 6180 | Quote, negotiable upon transaction | ||
| Hunan | 6050 | 6050 | Quote, negotiable upon transaction | ||
| Hebei | 6300 | 6300 | Quote, negotiable upon transaction | ||
| Hubei | 6100 | 6100 | Quote, negotiable upon transaction | ||
| Guangdong | 6550 | 6550 | Quote, negotiable upon transaction | ||
| Ethyl Acetate | East China (Self-pickup) | 6500-6600 | 6450-6550 | +50/+50 | |
| MTBE | Shandong (Self-pickup) | 8000-8010 | 8100-8120 | -100/-100 | |
| DDGS | Heilongjiang | 2180-2210 | 2180-2210 | ||
| Jilin | 2260-2380 | 2260-2380 | |||
| Henan | 2300-2300 | 2300-2300 | |||
| Freight Tracking | West Heilongjiang-Shandong | 540-580 | 540-580 | Standard Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| East Heilongjiang-Shandong | 460-500 | 460-500 | Standard Ethanol | ||
| Northwest-Shandong | 270-310 | 270-310 | |||
| Mengzhou-Chengdu | 360-390 | 360-390 | Return empty trucks are cheaper |
| Data Type | This Week | Last Week | Current 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 in Northern Jiangsu, East China. 2. Corn ethanol profit refers to production profit for corn ethanol in Heilongjiang, Northeast China. 3. Molasses ethanol profit refers to production profit for molasses ethanol in southern markets. |
Unit: Yuan/ton
Domestic ethanol prices are expected to remain stable in the short term. Prices in Northeast China are stable as plants fulfill contract orders; factory inventories are at low levels, while rising freight costs keep delivered prices high. Prices in East China are stable due to chemical order fulfillment. Prices in Henan are stable but weak, as downstream demand is limited and inventories increase. Coal-based ethanol prices are stable with pre-holiday order shipments. Fuel ethanol prices maintain a steady trend, with major suppliers ensuring supply.
| Data | Release Date | Current 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 fluctuation, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow fluctuation, highlighting data dimensions 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 Guidance Price (89#) | 7969 | 7969 | Shandong | ||
| Dried Cassava | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Converted Delivered Price | 1828-1856 | 1828-1856 | East China, Yuan/ton | ||
| Corn (Plant Intake) | 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 low-end transactions | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn, mostly low-end transactions | ||
| 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 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 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 cheaper |
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