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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--11/25/2020

2020-11-25 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2350 6550 1100 2350 398
Heilongjiang 2320 6600 1100 2250 453
Hebei 2490 6600 1050 2400 120
Henan 2530 6750 1050 2350 108
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.