Annual Trend of Ethanol

In 2018, China's production capacity of edible and industrial ethanol has exceeded 13 million tons.Corn alcohol increased significantly as expected, and maintained increasing potential in the follow-up.The supply of cassava alcohol has gone down sharply.The adjustment of raw material supply and pricing has brought new shocks to the Chinese market.The ethanol industry in synthetic industry has been cooling down, and profit has become a bottleneck restricting the development of the industry. In addition, the State Council has set the layout of fuel ethanol and expanded the scope of promotion of ethanol and gasoline.

Since the second quarter, China's ethanol import market had undergone dramatic changes. In the first quarter, most of China's imports of modified ethanol came from the United States, and then other emerging powers began to replenish the Chinese market. According to incomplete statistics, although imports from April to September were not as large as in the first quarter, the countries of origin of imports were diversified. For the first time, some countries that enjoied preferential tax rates under the agreement with China had appeared on China's ethanol import list. For example, Costa Rica, Peru, and Malaysia, Indonesia and Sudan were the more and more frequent sources of arrivals.