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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--12/15/2020

2020-12-15 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2460 6700 1100 2250 133
Heilongjiang 2430 6700 1100 2150 138
Hebei 2530 6800 1050 2280 98
Henan 2570 6900 1050 2300 95
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.