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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--1/8/2021

2021-01-08 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2527 6500 1100 2400 -141
Heilongjiang 2558 6700 1100 2220 -187
Hebei 2702 7000 1050 2300 -201
Henan 2720 6850 1050 2450 -278
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.