Ethanol prices in Jilin, China, have risen, while other domestic regions remained stable.

1. Daily Summary

① Ethanol prices in Jilin (Northeast China) rose;
② Prices in Heilongjiang (Northeast China) remained stable;
③ Coal-based ethanol prices remained stable;
④ Premium-grade ethanol prices in Henan remained stable;
⑤ Ethanol prices in East China remained stable;
⑥ Downstream chemical transactions were sporadic;
⑦ Downstream refinery deliveries to Shandong were sporadic.

2. Spot Market Overview

Table 1: Domestic Ethanol Price Summary (Unit: CNY/ton)

[Daily Commentary]
Based on the Heilongjiang region, 95% ethanol closed at 5,100–5,200 CNY/ton today. Ethanol prices in Jilin (Northeast China) rose, with tight availability for pickup of both standard and premium grades. Prices in Heilongjiang remained stable as factories fulfilled previous orders. For fuel ethanol, factory prices held steady while contract orders were shipped. Premium-grade ethanol prices in Henan remained stable, with few vehicles queuing for pickup. In East China, ethanol prices were stable due to limited spot inventory, with transactions driven mainly by rigid demand. Coal-based ethanol prices remained stable as contract orders were shipped. Downstream buyers in Shandong made sporadic purchases.

3. Production Dynamics

Today's domestic ethanol capacity utilization rate maintained at 48.21%. Operating edible ethanol plants include Hongzhan (Heilongjiang), Zhongke Green, Shenglong, Wanli Ethanol, Dongfeng (Jilin), Fukang, Yushu, Xintianlong, Baiyecheng (Inner Mongolia), Hanyong (Henan), Huaxing, Hongzhan (Sichuan), Qufeng (Shandong), Huating (East China), Wanshen (Anhui), COFCO Fuel (Anhui), COFCO (Zhaodong), Guotou (Jidong), Hailun Bio, and Tieling. Plants currently halted or in short shutdown include Houyuan, Longhe, Guannan Xinguan, and Romait. Today, the theoretical profit margin for 95% corn ethanol in Heilongjiang stood at 297.55 CNY/ton.

4. Price Forecast

Domestic ethanol prices are expected to remain stable in the short term. Prices in Northeast China are stable with a bullish bias; tight availability for certain product categories supports potential price increases due to favorable supply conditions. Prices in East China remain stable as downstream contract orders are being fulfilled. In Henan, declining downstream demand suggests a possibility of slight price corrections. Coal-based ethanol prices remain stable with contract shipments continuing. Fuel ethanol prices are weak, indicating a potential downward trend.

5. Related Products

1. Dried Cassava Chips: On October 29, Thai dried cassava chips FOB (Bangkok) quoted at USD 240–245/ton; Vietnamese dried cassava chips CNF quoted at USD 245/ton.
2. Corn: In the short term, the corn market will enter a phase of deep interaction between supply and demand. Corn prices are expected to maintain range-bound fluctuations. A directional breakthrough in the market requires clearer progress in grassroots grain sales and substantive improvement in downstream demand.
3. Ethyl Acetate: The ethyl acetate market price in East China fell by 25 CNY/ton, executing at 6,650–6,950 CNY/ton ex-factory (spot cash). Major plant quotes were lowered, spot negotiations were flat, and transactions were primarily driven by small-volume rigid demand.

6. Data Calendar

Table 2: Domestic Ethanol Data Overview (Unit: 10,000 tons unless otherwise noted)

Notes:

1. ↓↑ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%.
2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions with changes within 0–3%.