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Home > News > Ethanol Market Morning Briefing (2026-09-09)

Ethanol Market Morning Briefing (2026-09-09)

Published on 2026-09-09

I. Focus Points

  1. Sep 8: Houthi forces attacked Saudi oil facilities, U.S.-Iran military conflict continues, supply risks pushing international oil prices up. NYMEX crude oil futures October contract settled at $93.03, up $1.55/bbl, +1.69% MoM; ICE Brent futures November contract settled at $97.92, up $0.92/bbl, +0.95% MoM. China INE crude oil futures October contract rose 14.8 to RMB 703.3/bbl, and rose 11.4 to RMB 714.7/bbl in night trading.

Core logic:

  1. Food-grade ethanol: The market prices of food-grade industrial ethanol in various regions fluctuated yesterday due to regional unit changes, with regional consolidation.

  2. Anhydrous ethanol: Anhydrous ethanol market prices stabilized in various regions yesterday.

  3. Fuel ethanol: Fuel ethanol market prices remained stable yesterday, with local refinery ex-works pickup prices running stable.

  4. Coal-based ethanol: Coal-based ethanol market offers were stable yesterday.

II. Price Sheet

Unit: RMB/mt, USD/bbl

Chempricehub Ethanol and Fuel Ethanol Related Products Morning Report

Product Region 2026/9/8 2026/9/7 Change Remarks
Crude Oil WTI 93.03 - +1.55
Brent 97.92 97 +0.92
Domestic Gasoline Guideline Price (89#) 8475 8475 Shandong
Cassava Chips Thailand 245-245 245-245 FOB, USD/mt
Converted to ex-works 2025-2025 2025-2025 East China, RMB/mt
Corn (in-plant) Heilongjiang 2100-2155 2100-2155 Heilongjiang
Jilin 2180-2270 2180-2270 Jilin
Henan 2220-2230 2230-2240 -10/-10 Jiaozuo dry grain, 14% moisture
Shandong 2280-2280 2290-2290 -10/-10 Weifang dry grain, 14% moisture
Industrial Grade (Regular) Heilongjiang (East) 4900-5100 4900-5100 Corn
Heilongjiang (West) 4950-5150 4950-5150 Corn
Jilin 5100-5170 5030-5170 +70/0 Corn
Shandong 5500-5500 5500-5500 Cassava, ex-works
Shandong 5420-5500 5420-5500 Wheat
Northern Jiangsu 5550-5550 5500-5500 +50/+50 Cassava
Southern Jiangsu 5650-5700 5650-5700 Cassava, ex-works
Anhui 5500-5550 5500-5550 Grain/Cassava
Guangxi 5700-5800 5700-5800 Molasses/Cassava
Premium Grade Heilongjiang 5000-5150 5000-5150 East/West, Corn
Jilin 5200-5450 5200-5450 Corn
Shandong 5470-5550 5470-5550 Wheat
Northern Jiangsu 5600-5600 5600-5600
Henan 5400-5400 5350-5360 +50/+40 Corn ethanol, Sep 9: 5450-5450
Anhydrous Ethanol Heilongjiang (Regular) 5700-5850 5700-5850 Corn
Heilongjiang (Electronic Grade) 5950-6000 5950-6000 Corn
Jilin (Regular) 5800-5850 5800-5850 Corn, mainly low-end deals
Jilin (Electronic Grade) 5900-5920 5900-5920 Corn, mainly low-end deals
Henan (Regular) 6100-6100 6100-6100 Sep 9: 6150 Corn
Henan (Electronic Grade) 6200-6200 6200-6200 Sep 9: 6250 Corn, no stock currently
Northern Jiangsu 6350-6400 6300-6350 +50/+50 Cassava
Anhui 6350-6350 6350-6350 Grain/Cassava
Guangxi 6500-6600 6500-6600 Cassava
Port Jinzhou Port 5300-5400 5300-5400 Industrial grade, Corn
Fuel Ethanol Heilongjiang (East) 6129-6229 6129-6229 High-end price is Heilongjiang delivery price
Heilongjiang (West) 6129-6229 6129-6229 High-end price is Heilongjiang delivery price
Liaoning 6447-6447 6447-6447 Liaoning delivered price
Jilin 6340-6340 6340-6340 Jilin delivered price
Panjin local refinery (delivered) - -
Shandong local refinery (delivered) 5930-6030 5910-5910 +20/+120 Delivered price
Synthetic/Coal-based Ethanol Shaanxi auction start 5800 5800 Online auction starting price
Anhui auction start 5980 5980 Online auction starting price
Henan regular 6100 6100 Quoted price, negotiable
Henan high-end - - Unit shut down
Shandong 6150 - Quoted price, negotiable
Hunan 6050 6050 Quoted price, negotiable
Hebei 6300 6300 Quoted price, negotiable
Hubei 6050 6050 Quoted price, negotiable
Guangdong 6300 6300 Quoted price, negotiable
Ethyl Acetate East China (ex-works) 5900-6070 5900-6070
MTBE Shandong (ex-works) 7520-7600 7430-7450 +90/+150
DDGS Heilongjiang 2190-2220 2170-2220 +20/0
Jilin 2260-2380 2250-2350 +10/+30
Henan 2230-2230 2230-2230
Freight Tracking Western Heilongjiang - Shandong 470-520 470-520 Industrial grade ethanol
Henan - Shandong 100-200 100-200
Eastern Heilongjiang - Shandong 420-460 420-460 Industrial grade ethanol
Northwest - Shandong 270-310 270-310
Mengzhou - Chengdu 360-390 360-390 Empty return trucks relatively cheap

III. Data Sheet

Data Type This Week Last Week This Period Expectation
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 profit of the cassava ethanol market in Northern Jiangsu, East China. 2. Corn ethanol profit refers to production profit of the corn ethanol market in Heilongjiang, Northeast China. 3. Molasses ethanol profit refers to production profit of the molasses ethanol market in the southern market.

Unit: RMB/mt

IV. Market Outlook

Domestic ethanol prices are expected to remain stable to slightly stronger in the short term. Prices in the Northeast are stable, with downstream purchasing on a need-to basis; freight rates are rising, pushing delivered prices up. Prices in East China are stable, with moderate shipment volumes. Prices in the Henan region are stable to slightly stronger, with no inventory pressure at plants. Coal-based ethanol prices are stable, with orders being shipped. Main operators' fuel ethanol transaction prices are stable; plant inventories are not high in the short term, and prices remain steady.

Data Release Date Current Data Trend Forecast
Ethanol Operating Rate Thursday 15:00 PM 59.19%
Ethyl Acetate Operating Rate Thursday 15:00 PM 51.08%
Remarks: 1. ↑↓ denotes significant fluctuation, highlighting data dimensions with a change of more than 3%. 2. ↗↘ denotes narrow fluctuation, highlighting data changes within 0-3%.

Chempricehub Ethanol and 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/mt
Converted to ex-works 1828-1856 1828-1856 East China, RMB/mt
Corn (in-plant) 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
Industrial Grade (Regular) Heilongjiang (East) 4820-4830 4820-4830 Corn
Heilongjiang (West) 4850-4900 4850-4900 Corn
Jilin 4950-5050 4950-5050 Corn
Shandong 5400-5400 5400-5400 Cassava, ex-works
Shandong 5150-5300 5150-5300 Wheat
Northern Jiangsu 5300-5300 5300-5300 Cassava
Southern Jiangsu 5400-5400 5400-5400 Cassava, ex-works
Anhui 5350-5350 5350-5350 Grain/Cassava
Guangxi 5650-5700 5650-5700 Cassava
Premium Grade Heilongjiang 4900-4950 4900-4950 East/West, Corn
Jilin 5100-5450 5100-5450 Corn
Shandong 5300-5350 5300-5350 Wheat
Northern Jiangsu 5380-5380 5380-5380
Henan 5230-5250 5230-5250 Corn
Anhydrous Ethanol Heilongjiang (Regular) 5400-5450 5400-5450 Corn
Heilongjiang (Electronic Grade) 5450-5500 5450-5500 Corn
Jilin (Regular) 5500-5850 5500-5850 Corn, mainly low-end deals
Jilin (Electronic Grade) 5650-5950 5650-5950 Corn, mainly low-end deals
Henan (Regular) 5900-5950 5900-5950 Corn
Henan (Electronic Grade) - - Corn, no stock currently
Northern Jiangsu 5900-5900 5900-5900 Cassava
Anhui 5900-5950 5900-5950 Grain/Cassava
Guangxi 6350-6450 6350-6450 Cassava
Port Jinzhou Port 5100-5200 5100-5200 Industrial grade, Corn
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 local refinery (delivered) - -
Shandong local refinery (delivered) 5250-5250 5260-5290 -10/-40 Delivered price
Synthetic/Coal-based Ethanol Shaanxi auction start 5450 5450 Online quotation
Anhui auction start 5400 - Online auction starting price
Henan regular 5800 5800 Acetate hydrogenation
Henan high-end - - Quoted price (unit shut down on the 13th)
Shandong 5400 5460 -60 Quoted price
Hunan 5600 5600 Quoted price
Hebei 5600 5600 Quoted price, negotiable
Guangdong - -
Guangdong high-end 5950 6100 -150 High-end, mass fraction 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 Western Heilongjiang - Shandong 280-300 280-300 Industrial grade ethanol
Henan - Shandong 100-200 100-200
Eastern Heilongjiang - Shandong 330-370 330-370 Fuel ethanol
Northwest - Shandong 260-270 260-270
Mengzhou - Chengdu 250-300 250-300 Empty return trucks relatively cheap

Comments

0
  • Olivier Dupont 2026-09-09 20:06
    With crude up on supply risks, ethanol prices hold steady—feedstock cost support is offsetting weak downstream demand. Expect stable-to-firmer margins, but watch capacity utilization before chasing any rally.
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