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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--7/2/2020

2020-07-02 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 1930 5500 1100 2000 310
Heilongjiang 1976 5700 1100 1970 347
Hebei 2210 5500 1050 2000 -480
Henan 2240 5750 1050 2150 -193
1. Processing Fee is the fee for three tonnes of corn, and the margin is from one tonne of ethanol.
2. Margin is estimated at the average level in this industry, and there may be some differences due to various scales of factories.
3. Margin is calculated with the intraday corn price, rather than that of the inventory, so there may also be some differences from actual margin.