I. Key Focus Points
Core Logic:
II. Price Table
Chempricehub Daily Report: Ethanol and Fuel Ethanol Related Products
| Product | Region | 2026/11/9 | 2026/11/6 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 86.85 | 90.83 | -3.98 | USD/barrel |
| Brent | 92.57 | 98.32 | -5.75 | USD/barrel | |
| Domestic Gasoline Guide Price (89#) | Shandong | 8475 | 8475 | 0 | CNY/ton |
| Dried Cassava Chips | Thailand | 240-245 | 240-245 | 0 | FOB, USD/ton |
| Converted Delivered Cost | East China | 1947-1984 | 1947-1984 | 0 | CNY/ton |
| Corn (Plant Intake) | Heilongjiang | 2028-2057 | 1988-2037 | +40/+20 | CNY/ton |
| Jilin | 2160-2180 | 2140-2180 | +20/0 | CNY/ton | |
| Henan | 2200-2210 | 2200-2210 | 0 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2280-2280 | 2270-2270 | +10/+10 | Weifang dry grain, 14% moisture | |
| Standard Grade | Heilongjiang (East) | 5150-5250 | 5150-5250 | 0 | Corn-based |
| Heilongjiang (West) | 5250-5300 | 5250-5300 | 0 | Corn-based | |
| Jilin | 5350-5500 | 5350-5450 | 0/0 | Corn-based | |
| Shandong | - | - | - | Cassava-based, ex-factory | |
| Shandong | 5580-5650 | 5600-5700 | -20/-50 | Wheat-based | |
| Northern Jiangsu | 5750-5750 | 5750-5750 | 0 | Cassava-based | |
| Southern Jiangsu | 5950-6000 | 5950-6000 | 0 | Cassava-based, ex-factory | |
| Anhui | 5700-5750 | 5750-5750 | -50/0 | Grain/Cassava-based | |
| Guangxi | 5850-5900 | 5850-5900 | 0 | Molasses/Cassava-based | |
| Premium Grade | Heilongjiang | 5200-5300 | 5200-5300 | 0 | East/West, Corn-based |
| Jilin | 5450-5600 | 5450-5600 | 0 | Corn-based | |
| Shandong | 5620-5700 | 5650-5750 | -30/-50 | Wheat-based | |
| Northern Jiangsu | 5800-5800 | 5800-5800 | 0 | ||
| Henan | 5610-5630 | 5610-5630 | 0 | Corn-based, low end from small Xinxiang plants | |
| Anhydrous Ethanol | Heilongjiang (Standard) | 5800-5900 | 5800-5900 | 0 | Corn-based |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | 0 | Corn-based | |
| Jilin (Standard) | 5800-5850 | 5800-5850 | 0 | Corn-based, mainly traded at lower end | |
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | 0 | Corn-based, mainly traded at lower end | |
| Henan (Standard) | 6150-6200 | 6150-6200 | 0 | Corn-based, low end from small Xinxiang plants | |
| Henan (Electronic Grade) | 6250-6250 | 6250-6250 | 0 | Corn-based, no stock available | |
| Northern Jiangsu | 6400-6450 | 6400-6450 | 0 | Cassava-based | |
| Anhui | 6400-6450 | 6450-6450 | -50/0 | Grain/Cassava-based | |
| Guangxi | 6600-6700 | 6600-6700 | 0 | Cassava-based | |
| Port | Jinzhou Port | 5600-5650 | 5600-5650 | 0 | Standard grade, corn-based |
| Fuel Ethanol | Heilongjiang (East) | 5800-5901 | 5800-5901 | 0 | Delivered in Heilongjiang |
| Heilongjiang (West) | 5800-5901 | 5800-5901 | 0 | Delivered in Heilongjiang | |
| Liaoning | 5550-6180 | 5550-6317 | 0/-137 | Delivered price in Liaoning | |
| Jilin | 5600-6149 | 5600-6237 | 0/-88 | High-end delivered price in Jilin | |
| Panjin Local Refinery (Delivered) | - | - | - | ||
| Shandong Local Refineries (Delivered) | 5580-5610 | 5590-5610 | -10/0 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Auction Start | 5370-5400 | 5370-5400 | 0 | Online auction starting price, small lots |
| Anhui Auction Start | - | 5900 | - | Online auction starting price | |
| Henan Standard | 5900 | 5900 | 0 | Quoted price, negotiable upon transaction | |
| Henan High-end | - | - | - | Plant shut down | |
| Shandong | 6200 | 6200 | 0 | Plant shut down | |
| Hunan | 6050 | 6050 | 0 | Quoted price, negotiable upon transaction | |
| Hebei | 6350 | 6350 | 0 | Quoted price, negotiable upon transaction | |
| Hubei | 5900 | 5900 | 0 | Quoted price, negotiable upon transaction | |
| Guangdong | 6400 | 6600 | -200 | Quoted price, negotiable upon transaction | |
| Ethyl Acetate | East China (Self-pickup) | 6500-6700 | 6650-6780 | -50/-80 | |
| MTBE | Shandong (Self-pickup) | 6800-6850 | 7350-7470 | -550/-620 | |
| DDGS | Heilongjiang | 2020-2110 | 2020-2110 | 0 | |
| Jilin | 2170-2280 | 2170-2280 | 0 | ||
| Henan | 2100-2100 | 2050-2050 | +50/+50 | ||
| Freight Tracking | Western Heilongjiang to Shandong | 480-540 | 480-540 | 0 | Standard grade ethanol |
| Henan to Shandong | 100-200 | 100-200 | 0 | ||
| Eastern Heilongjiang to Shandong | 380-430 | 380-430 | 0 | Standard grade ethanol | |
| Northwest to Shandong | 270-350 | 270-350 | 0 | ||
| Mengzhou to Chengdu | 350-390 | 350-390 | 0 | Return empty trucks are relatively cheap |
Units: CNY/ton, except for crude oil in USD/barrel.
III. Data Table
| Data Type | This Week | Last Week | Current Period Forecast |
|---|---|---|---|
| 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 margins for cassava ethanol in East China/Northern Jiangsu markets. 2. Corn ethanol profit refers to production margins for corn ethanol in Northeast Heilongjiang markets. 3. Molasses ethanol profit refers to production margins for molasses ethanol in southern markets. |
Unit: CNY/ton
IV. Market Outlook
Domestic ethanol market prices are expected to remain stable in the short term. Prices in Northeast China are steady, supported by shipments of previous orders and low inventory levels at plants. Prices in East China are stable but slightly weak; downstream chemical users primarily consume coal-based ethanol delivered at lower prices, limiting consumption of local supplies. In Henan, reduced supply from Xinxiang supports price trends in the Mengzhou area. Coal-based ethanol prices are stable or showing minor adjustments in some regions; most plants have no significant inventory and are shipping against contracted orders. Fuel ethanol prices are stable but slightly weak, with some sellers eager to move inventory, potentially leading to further softening.
| Data | Release Time | Current Value | 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%. |
Appendix: Historical Reference Data (October 2025)
Chempricehub Daily Report: Ethanol and Fuel Ethanol Related Products
| Product | Region | 2025/10/28 | 2025/10/27 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 60.15 | 61.31 | -1.16 | USD/barrel |
| Brent | 64.4 | 65.62 | -1.22 | USD/barrel | |
| Domestic Gasoline Guide Price (89#) | Shandong | 7969 | 7969 | 0 | CNY/ton |
| Dried Cassava Chips | Thailand | 212-215 | 212-215 | 0 | FOB, USD/ton |
| Converted Delivered Cost | East China | 1828-1856 | 1828-1856 | 0 | CNY/ton |
| Corn (Plant Intake) | Heilongjiang | 1955-2002 | 1955-2002 | 0 | CNY/ton |
| Jilin | 2010-2090 | 2020-2090 | -10/0 | CNY/ton | |
| Henan | 2200-2210 | 2200-2210 | 0 | 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 | 0 | Corn-based |
| Heilongjiang (West) | 4850-4900 | 4850-4900 | 0 | Corn-based | |
| Jilin | 4950-5050 | 4950-5050 | 0 | Corn-based | |
| Shandong | 5400-5400 | 5400-5400 | 0 | Cassava-based, ex-factory | |
| Shandong | 5150-5300 | 5150-5300 | 0 | Wheat-based | |
| Northern Jiangsu | 5300-5300 | 5300-5300 | 0 | Cassava-based | |
| Southern Jiangsu | 5400-5400 | 5400-5400 | 0 | Cassava-based, ex-factory | |
| Anhui | 5350-5350 | 5350-5350 | 0 | Grain/Cassava-based | |
| Guangxi | 5650-5700 | 5650-5700 | 0 | Cassava-based | |
| Premium Grade | Heilongjiang | 4900-4950 | 4900-4950 | 0 | East/West, Corn-based |
| Jilin | 5100-5450 | 5100-5450 | 0 | Corn-based | |
| Shandong | 5300-5350 | 5300-5350 | 0 | Wheat-based | |
| Northern Jiangsu | 5380-5380 | 5380-5380 | 0 | ||
| Henan | 5230-5250 | 5230-5250 | 0 | Corn-based | |
| Anhydrous Ethanol | Heilongjiang (Standard) | 5400-5450 | 5400-5450 | 0 | Corn-based |
| Heilongjiang (Electronic Grade) | 5450-5500 | 5450-5500 | 0 | Corn-based | |
| Jilin (Standard) | 5500-5850 | 5500-5850 | 0 | Corn-based, mainly traded at lower end | |
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | 0 | Corn-based, mainly traded at lower end | |
| Henan (Standard) | 5900-5950 | 5900-5950 | 0 | Corn-based | |
| Henan (Electronic Grade) | - | - | - | Corn-based, no stock available | |
| Northern Jiangsu | 5900-5900 | 5900-5900 | 0 | Cassava-based | |
| Anhui | 5900-5950 | 5900-5950 | 0 | Grain/Cassava-based | |
| Guangxi | 6350-6450 | 6350-6450 | 0 | Cassava-based | |
| Port | Jinzhou Port | 5100-5200 | 5100-5200 | 0 | Standard grade, corn-based |
| Fuel Ethanol | Heilongjiang (East) | 5200-5200 | 5200-5200 | 0 | |
| Heilongjiang (West) | 5250-5250 | 5250-5250 | 0 | ||
| Liaoning | 5500-5500 | 5500-5500 | 0 | ||
| Jilin | 5400-5400 | 5400-5400 | 0 | ||
| Panjin Local Refinery (Delivered) | - | - | - | ||
| Shandong Local Refineries (Delivered) | 5250-5250 | 5260-5290 | -10/-40 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Auction Start | 5450 | 5450 | 0 | Online quote |
| Anhui Auction Start | 5400 | - | - | Online auction starting price | |
| Henan Standard | 5800 | 5800 | 0 | Hydrogenation of ethyl acetate route | |
| Henan High-end | - | - | - | Quote (plant shut down on the 13th) | |
| Shandong | 5400 | 5460 | -60 | Quote | |
| Hunan | 5600 | 5600 | 0 | Quote | |
| Hebei | 5600 | 5600 | 0 | 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 | 0 | |
| MTBE | Shandong (Self-pickup) | 4850-4950 | 4900-4950 | -50/0 | |
| DDGS | Heilongjiang | 2030-2150 | 2030-2150 | 0 | |
| Jilin | 1950-2250 | 1950-2250 | 0 | ||
| Henan | 2330-2330 | 2330-2330 | 0 | ||
| Freight Tracking | Western Heilongjiang to Shandong | 280-300 | 280-300 | 0 | Standard grade ethanol |
| Henan to Shandong | 100-200 | 100-200 | 0 | ||
| Eastern Heilongjiang to Shandong | 330-370 | 330-370 | 0 | Fuel ethanol | |
| Northwest to Shandong | 260-270 | 260-270 | 0 | ||
| Mengzhou to Chengdu | 250-300 | 250-300 | 0 | Return empty trucks are relatively cheap |
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