I. Key Points
Core Logic:
II. Price List
Unit: Yuan/ton, USD/barrel
Chempricehub Ethanol & Fuel Ethanol Products Morning Report
| Product | Region | 2026/9/11 | 2026/9/10 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | 102.48 | 96.05 | +6.43 | |
| Brent | 107.63 | 101.21 | +6.42 | ||
| Domestic Gasoline Guided Price (89#) | 8475 | 8475 | Shandong | ||
| Dried Cassava Chips | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Delivered Plant Cost | 2025-2025 | 2025-2025 | East China, Yuan/ton | ||
| Corn (Delivered to Plant) | Heilongjiang | 2100-2155 | 2100-2155 | Heilongjiang | |
| Jilin | 2180-2270 | 2180-2270 | Jilin | ||
| Henan | 2200-2200 | 2200-2220 | 0/-20 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2280-2280 | 2280-2280 | Weifang dry grain, 14% moisture | ||
| Standard Grade | Heilongjiang (East) | 4900-5100 | 4900-5100 | Corn-based | |
| Heilongjiang (West) | 4950-5150 | 4950-5150 | Corn-based | ||
| Jilin | 5100-5170 | 5100-5170 | Corn-based | ||
| Shandong | - | - | Cassava-based, Ex-factory | ||
| Shandong | 5420-5500 | 5420-5500 | Wheat-based | ||
| Northern Jiangsu | 5550-5550 | 5550-5550 | Cassava-based | ||
| Southern Jiangsu | 5650-5700 | 5650-5700 | Cassava-based, Ex-factory | ||
| Anhui | 5500-5550 | 5500-5550 | Grain/Cassava-based | ||
| Guangxi | 5700-5800 | 5700-5800 | Molasses/Cassava-based | ||
| Premium Grade | Heilongjiang | 5000-5150 | 5000-5150 | East/West regions, Corn-based | |
| Jilin | 5200-5450 | 5200-5450 | Corn-based | ||
| Shandong | 5470-5550 | 5470-5550 | Wheat-based | ||
| Northern Jiangsu | 5600-5600 | 5600-5600 | |||
| Henan | 5450-5500 | 5450-5500 | Corn-based | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn-based | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn-based | ||
| Jilin (Standard) | 5850-5850 | 5850-5850 | Corn-based, mostly low-end transactions | ||
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | Corn-based, mostly low-end transactions | ||
| Henan (Standard) | 6150-6150 | 6150-6150 | Corn-based | ||
| Henan (Electronic Grade) | 6250-6250 | 6250-6250 | Corn-based, no stock available | ||
| Northern Jiangsu | 6350-6400 | 6350-6400 | Cassava-based | ||
| Anhui | 6400-6400 | 6400-6400 | Grain/Cassava-based | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava-based | ||
| Port | Jinzhou Port | 5350-5450 | 5350-5450 | Standard grade, Corn-based | |
| Fuel Ethanol | Heilongjiang (East) | 6100-6198 | 6100-6198 | High end price is delivered to Heilongjiang | |
| Heilongjiang (West) | 6100-6198 | 6100-6198 | High end price is delivered to Heilongjiang | ||
| Liaoning | 6426-6426 | 6426-6426 | Delivered price to Liaoning | ||
| Jilin | 6349-6349 | 6349-6349 | Delivered price to Jilin | ||
| Panjin Local Refinery (Delivered) | - | - | |||
| Shandong Local Refineries (Delivered) | 5940-5940 | 5930-5980 | +10/-40 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5800 | 5800 | Online starting bid price | |
| Anhui Starting Bid | 5980 | 5980 | Online starting bid price | ||
| Henan Standard | 6100 | 6100 | Offer price, transaction negotiable | ||
| Henan High End | - | - | Plant shut down | ||
| Shandong | 6150 | 6150 | Offer price, transaction negotiable | ||
| Hunan | 6050 | 6050 | Offer price, transaction negotiable | ||
| Hebei | 6300 | 6300 | Offer price, transaction negotiable | ||
| Hubei | 6050 | 6050 | Offer price, transaction negotiable | ||
| Guangdong | 6300 | 6300 | Offer price, transaction negotiable | ||
| Ethyl Acetate | East China (Ex-tank) | 6150-6300 | 6000-6200 | +150/+100 | |
| MTBE | Shandong (Ex-tank) | 7900-8000 | 7550-7600 | +350/+400 | |
| DDGS | Heilongjiang | 2180-2200 | 2190-2220 | -10/-20 | |
| Jilin | 2260-2380 | 2260-2380 | |||
| Henan | 2250-2250 | 2250-2250 | |||
| Freight Tracking | Western Heilongjiang-Shandong | 470-520 | 470-520 | Standard Grade Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| Eastern Heilongjiang-Shandong | 420-460 | 420-460 | Standard Grade 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 | -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 for cassava ethanol in Northern Jiangsu/East China market. 2. Corn ethanol profit refers to production profit for corn ethanol in Northeast Heilongjiang market. 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 or slightly stronger in the short term. Prices in Northeast China are stable as contractual orders are being shipped; rising freight costs have pushed up delivered prices. Prices in East China are stable to slightly stronger due to rigid demand from chemical industries. Prices in Henan are stable, with plants facing no inventory pressure. Coal-based ethanol prices are stable as orders are being fulfilled. Major trading prices for fuel ethanol are stable, with orders being shipped.
| Data | Release Date | Current Period Data | 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 volatility, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow-range fluctuations, highlighting data with changes within 0-3%. |
Chempricehub Ethanol & Fuel Ethanol 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 Guided Price (89#) | 7969 | 7969 | Shandong | ||
| Dried Cassava Chips | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Delivered Plant Cost | 1828-1856 | 1828-1856 | East China, Yuan/ton | ||
| Corn (Delivered to 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 | |
| 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 regions, 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, mostly low-end transactions | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn-based, mostly low-end transactions | ||
| 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 Local Refinery (Delivered) | - | - | |||
| Shandong Local Refineries (Delivered) | 5250-5250 | 5260-5290 | -10/-40 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5450 | 5450 | Online offer price | |
| Anhui Starting Bid | 5400 | - | Online starting bid price | ||
| Henan Standard | 5800 | 5800 | Hydrogenation of acetate esters | ||
| Henan High End | - | - | Offer price (plant shut down on the 13th) | ||
| Shandong | 5400 | 5460 | -60 | Offer price | |
| Hunan | 5600 | 5600 | Offer price | ||
| Hebei | 5600 | 5600 | Offer price, transaction negotiable | ||
| Guangdong | - | - | |||
| Guangdong High End | 5950 | 6100 | -150 | High end, purity 99.9% | |
| Ethyl Acetate | East China (Ex-tank) | 5140-5200 | 5140-5200 | ||
| MTBE | Shandong (Ex-tank) | 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 | Standard 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 | Return empty trucks are relatively cheap |
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