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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--3/11/2021

2021-03-11 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2840 7100 1100 2850 -98
Heilongjiang 2790 7100 1100 2800 10
Hebei 2990 7300 1050 2800 -340
Henan 3000 7250 1000 2850 -328
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.