I. Key Points
Core Logic:
II. Price Table
Unit: Yuan/ton, USD/barrel
Chempricehub Ethanol & Fuel Ethanol Products Morning Report
| Product | Region | 2026/9/19 | 2026/9/18 | Change | Remarks |
|---|---|---|---|---|---|
| Crude Oil | WTI | - | 100.3 | ||
| Brent | - | 103.87 | |||
| Domestic Gasoline Guidance Price (89#) | 8475 | 8475 | Shandong | ||
| Dried Cassava Chips | Thailand | 245-245 | 245-245 | FOB, USD/ton | |
| Delivered Cost Equivalent | 1993-1993 | 1993-1993 | East China, Yuan/ton | ||
| Corn (Plant Gate) | Heilongjiang | 2088-2140 | 2088-2140 | Heilongjiang | |
| Jilin | 2170-2270 | 2170-2270 | Jilin | ||
| Henan | 2150-2160 | 2160-2170 | -10/-10 | Jiaozuo dry grain, 14% moisture | |
| Shandong | 2226-2226 | 2226-2226 | Weifang dry grain, 14% moisture | ||
| Ordinary Grade | Heilongjiang (East) | 4900-5100 | 4900-5100 | Corn | |
| Heilongjiang (West) | 5000-5150 | 5000-5150 | Corn | ||
| Jilin | 5100-5170 | 5100-5170 | Corn | ||
| Shandong | - | - | Cassava, Ex-factory | ||
| Shandong | 5420-5550 | 5420-5550 | Wheat | ||
| Northern Jiangsu | 5650-5650 | 5650-5650 | Cassava | ||
| Southern Jiangsu | 5650-5700 | 5650-5700 | Cassava, Ex-factory | ||
| Anhui | 5700-5750 | 5700-5750 | 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 | 5470-5600 | 5470-5600 | Wheat | ||
| Northern Jiangsu | 5650-5650 | 5650-5650 | |||
| Henan | 5550-5570 | 5550-5570 | Corn | ||
| Anhydrous Ethanol | Heilongjiang (Standard) | 5700-5850 | 5700-5850 | Corn | |
| Heilongjiang (Electronic Grade) | 5950-6000 | 5950-6000 | Corn | ||
| Jilin (Standard) | 5850-5850 | 5850-5850 | Corn, mainly low-end transactions | ||
| Jilin (Electronic Grade) | 5900-5920 | 5900-5920 | Corn, mainly low-end transactions | ||
| Henan (Standard) | 6150-6150 | 6150-6150 | Corn | ||
| Henan (Electronic Grade) | 6250-6250 | 6250-6250 | Corn, no stock available | ||
| Northern Jiangsu | 6400-6450 | 6400-6450 | Cassava | ||
| Anhui | 6400-6450 | 6400-6450 | Grain/Cassava | ||
| Guangxi | 6500-6600 | 6500-6600 | Cassava | ||
| Port | Jinzhou Port | 5350-5450 | 5350-5450 | Ordinary grade, Corn | |
| 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 Refinery (Delivered) | 6100-6100 | 6060-6060 | +40/+40 | Delivered price | |
| Synthetic/Coal-based Ethanol | Shaanxi Starting Bid | 5800 | 5800 | Online starting bid price | |
| Anhui Starting Bid | 6010 | 6010 | Online starting bid price | ||
| Henan Standard | 6100 | 6100 | Quote, transaction negotiable | ||
| Henan High-end | - | - | Shutdown | ||
| Shandong | 6180 | 6180 | Quote, transaction negotiable | ||
| Hunan | 6150 | 6150 | Quote, transaction negotiable | ||
| Hebei | 6300 | 6300 | Quote, transaction negotiable | ||
| Hubei | 6180 | 6180 | Quote, transaction negotiable | ||
| Guangdong | 6550 | 6550 | Quote, transaction negotiable | ||
| Ethyl Acetate | East China (Ex-work) | 6450-6550 | 6400-6550 | +50/0 | |
| MTBE | Shandong (Ex-work) | 7950-8050 | 7800-7850 | +150/+200 | |
| DDGS | Heilongjiang | 2180-2210 | 2180-2210 | ||
| Jilin | 2260-2380 | 2260-2380 | |||
| Henan | 2300-2300 | 2300-2300 | |||
| Freight Tracking | West Heilongjiang-Shandong | 540-580 | 540-580 | Ordinary Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| East Heilongjiang-Shandong | 460-500 | 460-500 | Ordinary 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 the North Jiangsu/East China market. 2. Corn ethanol profit refers to production profit for corn ethanol in the Northeast Heilongjiang market. 3. Molasses ethanol profit refers to production profit for molasses ethanol in the Southern market. |
Unit: Yuan/ton
IV. Market Outlook
Domestic ethanol prices are expected to remain stable to slightly stronger in the short term. In the Northeast region, prices are stable to slightly stronger; contract orders are being shipped, concentrated pre-holiday stocking is about to begin, freight rates are rising, and delivered prices are increasing. In the East China region, prices are stable to slightly stronger, driven by essential demand from the chemical industry. Prices in Henan are stable, supported by essential downstream procurement. Coal-based ethanol prices are stable as orders are shipped. Fuel ethanol prices are maintaining a steady trend, with major suppliers ensuring supply.
| 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. ↑↓ indicates significant fluctuation, highlighting data dimensions with changes exceeding 3%. 2. ↗↘ indicates narrow-range fluctuation, highlighting data dimensions 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 Guidance Price (89#) | 7969 | 7969 | Shandong | ||
| Dried Cassava Chips | Thailand | 212-215 | 212-215 | FOB, USD/ton | |
| Delivered Cost Equivalent | 1828-1856 | 1828-1856 | East China, Yuan/ton | ||
| Corn (Plant Gate) | 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 | |
| Ordinary Grade | 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-factory | ||
| Shandong | 5150-5300 | 5150-5300 | Wheat | ||
| Northern Jiangsu | 5300-5300 | 5300-5300 | Cassava | ||
| Southern Jiangsu | 5400-5400 | 5400-5400 | Cassava, Ex-factory | ||
| 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 (Standard) | 5400-5450 | 5400-5450 | Corn | |
| Heilongjiang (Electronic Grade) | 5450-5500 | 5450-5500 | Corn | ||
| Jilin (Standard) | 5500-5850 | 5500-5850 | Corn, mainly low-end transactions | ||
| Jilin (Electronic Grade) | 5650-5950 | 5650-5950 | Corn, mainly low-end transactions | ||
| Henan (Standard) | 5900-5950 | 5900-5950 | Corn | ||
| Henan (Electronic Grade) | - | - | Corn, no stock available | ||
| 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 | Ordinary 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 Starting Bid | 5450 | 5450 | Online quote | |
| Anhui Starting Bid | 5400 | - | Online starting bid price | ||
| Henan Standard | 5800 | 5800 | Hydrogenation of acetates | ||
| Henan High-end | - | - | Quote (unit shut down on the 13th) | ||
| Shandong | 5400 | 5460 | -60 | Quote | |
| Hunan | 5600 | 5600 | Quote | ||
| Hebei | 5600 | 5600 | Quote, transaction negotiable | ||
| Guangdong | - | - | |||
| Guangdong High-end | 5950 | 6100 | -150 | High-end, purity 99.9% | |
| Ethyl Acetate | East China (Ex-work) | 5140-5200 | 5140-5200 | ||
| MTBE | Shandong (Ex-work) | 4850-4950 | 4900-4950 | -50/0 | |
| DDGS | Heilongjiang | 2030-2150 | 2030-2150 | ||
| Jilin | 1950-2250 | 1950-2250 | |||
| Henan | 2330-2330 | 2330-2330 | |||
| Freight Tracking | West Heilongjiang-Shandong | 280-300 | 280-300 | Ordinary Ethanol | |
| Henan-Shandong | 100-200 | 100-200 | |||
| East 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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