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Processing Margin Estimates for DDGS in Corn Ethanol Enterprises of China--4/22/2021

2021-04-22 www.cofeed.com
Product Province Corn Price Ethanol Price Processing Fee DDGS Price Margin
(CNY/tonne)
Domestic DDGS Jilin 2600 6500 1100 2550 -233
Heilongjiang 2680 6400 1100 2550 -573
Hebei 2840 7000 1050 2600 -360
Henan 2910 6900 1000 2650 -578
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.