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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--10/21/2020

2020-10-21 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2300 6300 1100 2370 315
Heilongjiang 2200 6200 1100 2300 455
Hebei 2400 6400 1050 2350 148
Henan 2410 6300 1050 2450 103
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.