I. Key Points
Core Logic:
II. Price Table
Unit: Yuan/ton; USD/barrel
Chempricehub Ethanol & Fuel Ethanol Related Products Morning Report
| Product | Region | 2026/10/20 | 2026/10/19 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 101.79 | 103.66 | -1.87 | |
| Brent | 108.79 | 109.55 | -0.76 | ||
| Domestic Gasoline Guideline Price (89#) | 8475 | 8475 | Shandong | ||
| Cassava Chips | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Delivered Cost Equivalent | 1993-1993 | 1993-1993 | East China, Yuan/ton | ||
| Corn (Plant Gate) | Heilongjiang | 1988-2037 | 1988-2037 | Heilongjiang | |
| Jilin | 2050-2100 | 2050-2100 | Jilin | ||
| Henan | 2120-2140 | 2120-2140 | Jiaozuo dry grain, 14% moisture | ||
| Shandong | 2202-2202 | 2202-2202 | Weifang dry grain, 14% moisture | ||
| Standard Grade | Heilongjiang (East) | 5000-5150 | 5000-5150 | Corn-based | |
| Heilongjiang (West) | 5100-5200 | 5100-5200 | Corn-based | ||
| Jilin | 5200-5250 | 5200-5250 | Corn-based | ||
| Shandong | - | - | Cassava-based, ex-factory | ||
| Shandong | 5550-5650 | 5550-5650 | Wheat-based | ||
| Northern Jiangsu | 5750-5750 | 5750-5750 | Cassava-based | ||
| Southern Jiangsu | 5850-5930 | 5850-5930 | Cassava-based, ex-factory | ||
| Anhui | 5800-5850 | 5800-5850 | Grain/Cassava-based | ||
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava-based | ||
| Premium Grade | Heilongjiang | 5100-5200 | 5100-5200 | East/West, Corn-based | |
| Jilin | 5300-5450 | 5300-5450 | Corn-based | ||
| Shandong | 5600-5700 | 5600-5700 | Wheat-based | ||
| Northern Jiangsu | 5800-5800 | 5800-5800 | |||
| Henan | 5650-5650 | 5650-5650 | Corn-based | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn-based | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn-based | ||
| Jilin (Standard) | 5800-5870 | 5800-5870 | Corn-based, transactions mainly at lower end | ||
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | Corn-based, transactions mainly at lower end | ||
| Henan (Standard) | 6200-6250 | 6200-6250 | Corn-based | ||
| Henan (Electronic Grade) | 6300-6300 | 6300-6300 | Corn-based, no inventory available | ||
| Northern Jiangsu | 6450-6500 | 6450-6500 | Cassava-based | ||
| Anhui | 6450-6500 | 6450-6500 | Grain/Cassava-based | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava-based | ||
| Port | Jinzhou Port | 5480-5500 | 5480-5500 | Standard grade, Corn-based | |
| Fuel Ethanol | Heilongjiang (East) | 5800-6087 | 5800-6087 | High-end price is delivered to Heilongjiang | |
| Heilongjiang (West) | 5800-6087 | 5800-6087 | High-end price is delivered to Heilongjiang | ||
| Liaoning | 6000-6317 | 6000-6317 | Delivered price in Liaoning | ||
| Jilin | 6237-6237 | 6237-6237 | Delivered price in Jilin | ||
| Panjin Independent Refinery (Delivered) | - | - | |||
| Shandong Independent Refinery (Delivered) | 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 | Offer, transaction negotiable | ||
| Henan High-end | - | - | Plant shutdown | ||
| Shandong | 6250 | 6250 | Plant shutdown | ||
| Hunan | 6100 | 6100 | Offer, transaction negotiable | ||
| Hebei | 6300 | 6300 | Offer, transaction negotiable | ||
| Hubei | 6100 | 6100 | Offer, transaction negotiable | ||
| Guangdong | 6650 | 6650 | Offer, transaction negotiable | ||
| Ethyl Acetate | East China (Ex-works) | 6550-6920 | 6650-6920 | -100/0 | |
| MTBE | Shandong (Ex-works) | 8100-8200 | 8180-8250 | -80/-50 | |
| DDGS | Heilongjiang | 2080-2200 | 2120-2200 | -40/0 | |
| Jilin | 2170-2270 | 2170-2270 | |||
| Henan | 2230-2230 | 2230-2230 | |||
| Freight Tracking | West Heilongjiang-Shandong | 480-560 | 480-560 | Standard Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| East Heilongjiang-Shandong | 400-440 | 400-440 | Standard 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 | 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 North 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
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 consumers absorb recent increases over the short term. Prices in Henan are stable in the short term, but may decline once idled 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 positive sentiment towards offloading inventory.
| Data | Release Date | Current Value | 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 minor 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 Guideline Price (89#) | 7969 | 7969 | Shandong | ||
| Cassava Chips | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Delivered Cost Equivalent | 1828-1856 | 1828-1856 | East China, Yuan/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-based | |
| Heilongjiang (West) | 4850-4900 | 4850-4900 | Corn-based | ||
| Jilin | 4950-5050 | 4950-5050 | Corn-based | ||
| Shandong | 5400-5400 | 5400-5400 | Cassava-based, ex-factory | ||
| Shandong | 5150-5300 | 5150-5300 | Wheat-based | ||
| Northern Jiangsu | 5300-5300 | 5300-5300 | Cassava-based | ||
| Southern Jiangsu | 5400-5400 | 5400-5400 | Cassava-based, ex-factory | ||
| Anhui | 5350-5350 | 5350-5350 | Grain/Cassava-based | ||
| Guangxi | 5650-5700 | 5650-5700 | Cassava-based | ||
| Premium Grade | Heilongjiang | 4900-4950 | 4900-4950 | East/West, Corn-based | |
| Jilin | 5100-5450 | 5100-5450 | Corn-based | ||
| Shandong | 5300-5350 | 5300-5350 | Wheat-based | ||
| Northern Jiangsu | 5380-5380 | 5380-5380 | |||
| Henan | 5230-5250 | 5230-5250 | Corn-based | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5400-5450 | 5400-5450 | Corn-based | |
| Heilongjiang (Electronic Grade) | 5450-5500 | 5450-5500 | Corn-based | ||
| Jilin (Standard) | 5500-5850 | 5500-5850 | Corn-based, transactions mainly at lower end | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn-based, transactions mainly at lower end | ||
| Henan (Standard) | 5900-5950 | 5900-5950 | Corn-based | ||
| Henan (Electronic Grade) | - | - | Corn-based, no inventory available | ||
| Northern Jiangsu | 5900-5900 | 5900-5900 | Cassava-based | ||
| Anhui | 5900-5950 | 5900-5950 | Grain/Cassava-based | ||
| Guangxi | 6350-6450 | 6350-6450 | Cassava-based | ||
| Port | Jinzhou Port | 5100-5200 | 5100-5200 | Standard grade, Corn-based | |
| 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 offer | |
| Anhui Starting Bid | 5400 | - | Online starting bid price | ||
| Henan Standard | 5800 | 5800 | Hydrogenation of acetate esters | ||
| Henan High-end | - | - | Offer (Plant shut down on the 13th) | ||
| Shandong | 5400 | 5460 | -60 | Offer | |
| Hunan | 5600 | 5600 | Offer | ||
| Hebei | 5600 | 5600 | Offer, transaction negotiable | ||
| Guangdong | - | - | |||
| Guangdong High-end | 5950 | 6100 | -150 | High-end, purity 99.9% | |
| Ethyl Acetate | East China (Ex-works) | 5140-5200 | 5140-5200 | ||
| MTBE | Shandong (Ex-works) | 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 relatively cheap |
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