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Home > News > Ethyl acetate outlook mixed as crude drops over 7% on US-Iran talks

Ethyl acetate outlook mixed as crude drops over 7% on US-Iran talks

Published on 2026-11-03

I. Key Points

  1. November 2: Various parties continue to push for US-Iran peace talks, easing market concerns over supply risks and causing international crude oil prices to fall. NYMEX December crude oil futures closed at $96.46/barrel, down $7.66/barrel (-7.36% WoW); ICE Brent January futures (contract rollover) closed at $104.77/barrel, down $8.66/barrel (-7.63% WoW). China INE December crude oil futures rose by 17.6 to 745.2 RMB/barrel during the day session but fell by 64.2 to 681 RMB/barrel in the night session.

Core Logic:

  1. Edible Ethanol: Yesterday, regional edible standard-grade ethanol prices fluctuated slightly due to changes in plant operations within specific regions; overall movements were narrow.

  2. Anhydrous Ethanol: Yesterday, anhydrous ethanol market prices remained stable with minor consolidation.

  3. Fuel Ethanol: Yesterday, fuel ethanol market prices remained stable. Refinery receipt prices from local refineries edged higher.

  4. Coal-based Ethanol: Yesterday, coal-based ethanol market offers trended lower amid volatility.

II. Price Table

Product Region 2026/11/2 2026/10/30 Change Remarks
Crude Oil WTI 96.46 104.12 -7.66
Brent 104.77 111.64* -8.66 Note: Input value 1117.64 appears to be a typo for 111.64 based on context
Domestic Gasoline Guideline Price (89#) 8475 8475 Shandong
Cassava Chips Thailand 240-245 240-245 FOB, USD/ton
Delivered Plant Equivalent 1947-1984 1947-1984 East China, RMB/ton
Corn (Plant In-take) Heilongjiang 1988-2037 1988-2037 Heilongjiang
Jilin 2070-2100 2070-2100 Jilin
Henan 2190-2200 2160-2180 +30/+20 Jiaozuo dry grain, 14% moisture
Shandong 2250-2250 2240-2240 +10/+10 Weifang dry grain, 14% moisture
Standard Grade Heilongjiang (East) 5100-5200 5100-5150 0/+50 Corn-based
Heilongjiang (West) 5180-5250 5180-5200 0/+50 Corn-based
Jilin 5300-5370 5250-5330 +50/+50 Corn-based
Shandong - - Cassava-based, ex-factory
Shandong 5650-5700 5650-5700 Wheat-based
Northern Jiangsu 5750-5780 5750-5780 Cassava-based
Southern Jiangsu 5850-5930 5850-5930 Cassava-based, ex-factory
Anhui 5750-5800 5750-5800 Grain/Cassava-based
Guangxi 5850-5900 5750-5800 +100/+100 Molasses/Cassava-based
Premium Grade Heilongjiang 5150-5250 5150-5250 East/West, Corn-based
Jilin 5450-5600 5400-5600 +50/0 Corn-based
Shandong 5700-5750 5700-5750 Wheat-based
Northern Jiangsu 5800-5800 5800-5800
Henan 5610-5660 5610-5660 Corn-based
Anhydrous Ethanol Heilongjiang (Standard) 5700-5850 5700-5850 Corn-based
Heilongjiang (Electronic Grade) 5950-6000 5950-6000 Corn-based
Jilin (Standard) 5800-5850 5800-5850 Corn-based, mainly low-end transactions
Jilin (Electronic Grade) 5900-5920 5900-5920 Corn-based, mainly low-end transactions
Henan (Standard) 6150-6250 6150-6250 Corn-based
Henan (Electronic Grade) 6300-6300 6300-6300 Corn-based, currently no stock
Northern Jiangsu 6450-6500 6450-6500 Cassava-based
Anhui 6450-6500 6450-6500 Grain/Cassava-based
Guangxi 6600-6700 6500-6600 +100/+100 Cassava-based
Port Jinzhou Port 5500-5500 5500-5500 Standard grade, Corn-based
Fuel Ethanol Heilongjiang (East) 5800-6087 5800-6087 Delivered to Heilongjiang
Heilongjiang (West) 5800-6087 5800-6087 Delivered to Heilongjiang
Liaoning 6000-6317 6000-6317 Delivered price in Liaoning
Jilin 5600-6237 5600-6237 High-end delivered price in Jilin
Panjin Local Refinery (Delivered) - -
Shandong Local Refinery (Delivered) - 5700-5700 Delivered price
Synthetic/Coal-based Ethanol Shaanxi Auction Start 5400 5520 -120 Online auction starting price, small lots
Anhui Auction Start 5850 5910 -60 Online auction starting price
Henan Standard 5900 5900 Quoted price, negotiable upon transaction
Henan High-end - - Shutdown
Shandong 6200 6200 Shutdown
Hunan 6050 6100 -50 Quoted price, negotiable upon transaction
Hebei 6350 6350 Quoted price, negotiable upon transaction
Hubei 6050 6050 Quoted price, negotiable upon transaction
Guangdong 6600 6650 -50 Quoted price, negotiable upon transaction
Ethyl Acetate East China (Self-pickup) 6650-6950 6650-6950
MTBE Shandong (Self-pickup) 7900-7900 8050-8150 -150/-250
DDGS Heilongjiang 2070-2140 2070-2140
Jilin 2150-2230 2150-2230
Henan 2080-2080 2080-2080
Freight Tracking Western Heilongjiang - Shandong 480-540 480-540 Standard Ethanol
Henan - Shandong 100-200 100-200
Eastern Heilongjiang - Shandong 380-430 380-430 Standard Ethanol
Northwest - Shandong 270-330 270-330
Mengzhou - Chengdu 350-390 350-390 Return empty trucks are relatively cheap

Units: RMB/ton, USD/barrel

III. Data Table

Data Type This Week Last Week Expected Trend
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 the production margin for cassava ethanol in the North Jiangsu/East China market.
  2. Corn ethanol profit refers to the production margin for corn ethanol in the Heilongjiang/Northeast market.
  3. Molasses ethanol profit refers to the production margin for molasses ethanol in the Southern market.

Units: RMB/ton

IV. Market Outlook

Short-term domestic ethanol trends are expected as follows: Prices in Northeast China will remain stable to slightly stronger, driven by the shipment of previous orders. Prices in East China will remain stable as downstream contract orders are shipped. Demand in Henan has decreased, suggesting a potential for slight price declines. Coal-based ethanol prices will remain stable with rigid procurement from downstream users. Fuel ethanol prices are weak, with potential for further softening.

Data Release Date Current Period Data Trend Prediction
Ethanol Operating Rate Thursday 15:00 PM 59.19% ↗
Ethyl Acetate Operating Rate Thursday 15:00 PM 51.08% ↗

Remarks:

  1. ↑↓ indicates significant fluctuations, highlighting data dimensions with changes exceeding 3%.
  2. ↗↘ indicates narrow fluctuations, highlighting data dimensions with changes within 0-3%.

(Note: The following table appears to contain historical data from October 2025, likely included for reference or as part of a comparative report structure. It is translated below as provided in the input.)

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/ton
Delivered Plant Equivalent 1828-1856 1828-1856 East China, RMB/ton
Corn (Plant In-take) 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, mainly low-end transactions
Jilin (Electronic Grade) 5650-5950 5650-5950 Corn-based, mainly low-end transactions
Henan (Standard) 5900-5950 5900-5950 Corn-based
Henan (Electronic Grade) - - Corn-based, currently no stock
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 Refinery (Delivered) 5250-5250 5260-5290 -10/-40 Delivered price
Synthetic/Coal-based Ethanol Shaanxi Auction Start 5450 5450 Online quote
Anhui Auction Start 5400 - Online auction starting price
Henan Standard 5800 5800 Hydrogenation of acetate esters
Henan High-end - - Quote (Unit shut down on the 13th)
Shandong 5400 5460 -60 Quote
Hunan 5600 5600 Quote
Hebei 5600 5600 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
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 Western Heilongjiang - Shandong 280-300 280-300 Standard 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

Comments

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  • Wei Zhang 2026-11-03 10:01
    With crude dropping over 7% due to eased US-Iran tensions, feedstock cost pressure on ethanol producers should lighten. While coal-based offers trend lower, improved margins for corn and cassava routes are expected. Stab..
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