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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--10/14/2020

2020-10-14 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2230 6000 1100 2250 123
Heilongjiang 2160 6200 1100 2100 405
Hebei 2350 6000 1050 2300 -145
Henan 2360 6000 1050 2400 -90
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.