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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--8/7/2020

2020-08-07 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2060 5700 1100 2180 273
Heilongjiang 2050 5850 1100 2080 368
Hebei 2390 5560 1050 2200 -790
Henan 2270 5750 1050 2250 -198
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.