I. Key Focus Points
Core Logic:
II. Price Table
Unit: CNY/ton, USD/barrel
Chempricehub Ethanol & Fuel Ethanol Related Products Morning Report
| Product | Region | 2026/10/12 | 2026/10/10 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 93.74 | 91.85 | +1.89 | |
| Brent | 106.65 | 104.72 | +1.93 | ||
| Domestic Gasoline Guidance Price (89#) | Shandong | 8475 | 8475 | ||
| Dried Cassava Chips | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Converted Plant Arrival Price | East China | 1993-1993 | 1993-1993 | CNY/ton | |
| Corn (Plant Arrival) | Heilongjiang | 1988-2037 | 1988-2037 | Heilongjiang | |
| Jilin | 2070-2140 | 2070-2160 | 0/-20 | Jilin | |
| Henan | 2120-2140 | 2120-2150 | 0/-10 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2190-2190 | 2190-2190 | Weifang dry grain, 14% moisture | ||
| Standard Grade | Heilongjiang (East) | 4950-5100 | 4950-5100 | Corn-based | |
| Heilongjiang (West) | 5080-5150 | 5080-5150 | Corn-based | ||
| Jilin | 5130-5220 | 5130-5220 | Corn-based | ||
| Shandong | - | - | Cassava-based, ex-factory | ||
| Shandong | 5500-5550 | 5500-5550 | Wheat-based | ||
| Northern Jiangsu | 5700-5700 | 5700-5700 | Cassava-based | ||
| Southern Jiangsu | 5700-5750 | 5700-5750 | Cassava-based, ex-factory | ||
| Anhui | 5700-5750 | 5700-5750 | Grain/Cassava-based | ||
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava-based | ||
| Premium Grade | Heilongjiang | 5000-5150 | 5000-5150 | East/West, Corn-based | |
| Jilin | 5250-5450 | 5250-5450 | Corn-based | ||
| Shandong | 5550-5600 | 5550-5600 | Wheat-based | ||
| Northern Jiangsu | 5750-5750 | 5750-5750 | |||
| Henan | 5550-5590 | 5550-5590 | Corn-based | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn-based | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn-based | ||
| Jilin (Standard) | 5850-5900 | 5850-5900 | Corn-based, transactions mainly at low end | ||
| Jilin (Electronic Grade) | 5920-5950 | 5920-5950 | Corn-based, transactions mainly at low end | ||
| Henan (Standard) | 6200-6250 | 6200-6250 | Corn-based | ||
| Henan (Electronic Grade) | 6300-6300 | 6300-6300 | Corn-based, no stock available | ||
| Northern Jiangsu | 6450-6500 | 6450-6500 | Cassava-based | ||
| Anhui | 6400-6450 | 6400-6450 | Grain/Cassava-based | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava-based | ||
| Port | Jinzhou Port | 5450-5500 | 5450-5500 | 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) | 6020-6020 | 6020-6020 | Delivered price | ||
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5780 | 5780 | Online starting bid price | |
| Anhui Starting Bid | 6010 | 6010 | Online starting bid price | ||
| Henan Standard | 6100 | 6100 | Offer price, transaction negotiable | ||
| Henan High-end | - | - | Plant shut down | ||
| Shandong | 6200 | 6200 | Plant shut down | ||
| Hunan | 6050 | 6050 | Offer price, transaction negotiable | ||
| Hebei | 6300 | 6300 | Offer price, transaction negotiable | ||
| Hubei | 6100 | 6100 | Offer price, transaction negotiable | ||
| Guangdong | 6600 | 6550 | +50 | Offer price, transaction negotiable | |
| Ethyl Acetate | East China (Self-pickup) | 7000-7170 | 7000-7170 | ||
| MTBE | Shandong (Self-pickup) | 8300-8300 | 8350-8380 | -50/-80 | |
| DDGS | Heilongjiang | 2140-2210 | 2140-2210 | ||
| Jilin | 2230-2280 | 2230-2280 | |||
| Henan | 2300-2300 | 2300-2300 | |||
| Freight Tracking | Heilongjiang West-Shandong | 460-500 | 460-500 | Standard Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| Heilongjiang East-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 | Current Period Forecast |
|---|---|---|---|
| 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 margin for cassava ethanol in Northern Jiangsu/East China market. 2. Corn ethanol profit refers to production margin for corn ethanol in Northeast Heilongjiang market. 3. Molasses ethanol profit refers to production margin for molasses ethanol in southern markets. |
Unit: CNY/ton
IV. Market Outlook
Short-term domestic ethanol prices are expected to show regional divergence. Prices in Northeast China remain stable as orders are shipped out, with premium-grade supplies being relatively tight. In East China, prices are stable but slightly weak; declining freight rates from the Northeast have led to lower delivered prices, impacting East China market trends. Prices in Henan remain stable, but downstream demand is limited, leading to inventory buildup, which may cause some quoted prices to fall. Coal-based ethanol prices are stable, with shipments based on contract orders and no short-term inventory pressure. Fuel ethanol prices are stable but slightly weak, with some sellers showing active sentiment to offload inventory.
| Data | Release Date | Current Period 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 volatility, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow-range volatility, 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#) | Shandong | 7969 | 7969 | ||
| Dried Cassava Chips | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Converted Plant Arrival Price | East China | 1828-1856 | 1828-1856 | 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-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 low end | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn-based, transactions mainly at low end | ||
| Henan (Standard) | 5900-5950 | 5900-5950 | Corn-based | ||
| Henan (Electronic Grade) | - | - | Corn-based, no stock 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 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 | Heilongjiang West-Shandong | 280-300 | 280-300 | Standard Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| Heilongjiang East-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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