SunSirs: The Ethanol Market Situation in Some Regions of China on March 19th

On March 19th, the ethanol market in the southwest region was mainly on a wait-and-see basis.

On March 19th, the corn general grade ethanol market in Sichuan remained strong and stable, the procurement was made according the market situation, and the trading was stable. The market price reference was 5,400-5,500 RMB/ton.

The reference price for sugar syrup ethanol in Yunnan region was 5,500 RMB/ton. Yunnan Yingmao sugar syrup ethanol enterprise mainly shipped with the market, and the operators had a strong wait-and-see attitude.

On March 19th, the ethanol market in East China experienced slow trading

The ethanol market in Shandong region was operating weakly and steadily, with accompanying shipments being the main focus and slow trading. As of March 19th, cassava was priced at 5,250-5,350 RMB/ton for regular grade, 5,950-6,050 RMB/ton for waterless cassava, 5,150-5,250 RMB/ton for regular grade wheat, and 5,200-5,350 RMB/ton for high-quality wheat.

The ethanol market in Anhui region was operating steadily, with slow recovery of downstream demand. Coal quality ethanol plants in Central China were expected to undergo maintenance, resulting in low inventory and increased bullish sentiment. The general reference price was 5,250-5,350 RMB/ton, and the anhydrous reference price was 5,900-5,950 RMB/ton.

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