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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--10/28/2020

2020-10-28 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2300 6450 1100 2350 448
Heilongjiang 2220 6400 1100 2300 595
Hebei 2420 6400 1050 2450 173
Henan 2500 6600 1050 2450 133
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.