I. Price trend

Since the beginning of December, ethanol prices have climbed sharply, influenced by factors such as lower operating rates and strong downstream demand. Baskets Nike According to data from the Business Society monitoring, as of December 15, the consumption of ethanol from the beginning of December, 5750 Yuan/ton rose to 6161.11 yuan/ton, rose 411.11 yuan/ton, or 7.15%, the average price breakthrough 6000 mark, set a new high since late December 2014! Nearly 3 months since mid-September, edible ethanol climbed slowly, rising 1022.22 yuan/ton, up to 19.89%!
Second, the market analysis

Industry chain: Upstream, business community monitoring of edible ethanol production of raw materials to corn and cassava mainly. By the farmers reluctant price, deep processing demand, trade, such as the main food and other favorable support, corn market prices overall to maintain a small upward trend, according to the business community monitoring data show that in the past 1 months, the average price of corn rose 28.57 yuan/ton to 1673.93 yuan/ton, or 1.73%. The more than 40 days of cassava from mid-November to the end of December were ushered in the lean period, low domestic inventory, the root cause is that China as a raw material for ethanol production of cassava mainly imports, while the major importers in Vietnam and Thailand in the early November to mid-December this nearly 40 days, the labor force to harvest Rice, The cassava harvest was temporarily sidelined. So in the last 1 months the domestic average price of cassava rose 20-60 yuan/ton unequal also in the sense.

The downstream end of ethyl acetate, one of the main downstream products of edible ethanol, was lower in overall factory operating rate during the last 1 months. Raw material acetic acid and edible ethanol prices are rising and downstream just need support, and other factors, east China and North China, the average price of ethyl acetate rose 950 yuan/ton to 7350 yuan/ton, or 14.8% The average price of ethyl acetate in South China rose by 1250 yuan/ton to 7850 yuan/ton, or 18.9%. Another demand surge in the consumption of ethanol large buyers are wineries, on the one hand from the early days of the holiday liquor stock, on the other hand, the winter came, drinking liquor cold habit also led to rising demand.

Products: Since December, the average price of edible ethanol in east China rose 550 yuan/ton to 6400 yuan/ton, or 9.4%. The average consumption of ethanol in north China rose 450 yuan/ton to 6200 yuan/ton, or 7.83%. The average consumption of ethanol in southern China rose 150 yuan/ton to 6100 yuan/ton, or 2.52%. The reason for the increase in ethanol consumption is: 1. nike air max 90 Starting from the beginning of December, under the influence of a new round of environmental protection and planned parking overhaul, some ethanol plants in east China and north China are in reduced load production or discontinued, and the overall installation rate has fallen to about 68%. nike air max air 2. Some ethanol factories are converting. is driven by the price of ethyl acetate, some ethanol factories, the proportion of ethanol exports decreased, more production in their own acetic acid ethyl ester. Some ethanol plants have been switching to the production of fuel ethanol for most of the time because of the strong demand for orders. All of these factors have led to a decrease in the supply of ethanol, which is still strong in the short term as demand is booming downstream.

Third, future forecast

Looking ahead, business analysts believe that the consumption of ethanol raw corn short-term prices to maintain high volatility, the median line with the Spring Festival before the farmers selling will increase, corn prices have to fall back demand. In late December, cassava is expected to come down with a price drop as market supplies increase. Canada Goose Ontario The next week, the early parking overhaul of the ethanol plant basically resumed driving, if no additional temporary parking, the overall operating rate is expected to rise. But the recent surge in demand is still a major factor in the short-term support for higher prices for edible ethanol.