November 22nd Corn Industry Chain Intelligence

1. On November 22nd, the corn industry chain index was 98.13

On November 22, the corn industry chain index was 98.13, up 0.02 points from yesterday, down 27.56% from the highest point of 135.46 points during the cycle (May 22, 2022), and up 33.75% from the lowest point of 73.37 points on October 11, 2016. (Note: Cycle refers to the present)

The Industry Chain Index is a fixed index created by Business Society based on the commodity industry chain and its various node commodity indices to reflect the overall prosperity of the industry chain.

2. Business Society: On November 22nd, the price of urea at Shandong Ruixing Chemical Co., Ltd. remained stable. On November 22nd, the latest factory price for urea at Shandong Ruixing Chemical Co., Ltd. was 1780 yuan/ton, and actual transactions were negotiated. (Urea details)

3. Business Society: The domestic urea market has fluctuated and adjusted (11.18-11.22). Business Society's urea analyst believes that the urea market in Shandong has recently seen a slight increase, while other regions are stabilizing. At present, the market supply is loose, the market transactions are still acceptable, and downstream buyers are cautious in following orders. It is expected that in the short term, the domestic urea market will mainly experience weak price consolidation and operation. (Urea details)

4. Business Society: On November 22nd, some domestic ethanol manufacturers' quotations remained stable. The 300000 tons/year ethanol plant in Hanyong, Henan is operating normally, with a premium price of 5380 yuan/ton and an anhydrous price of 6250 yuan/ton, including tax, before leaving the factory. (Ethanol details)

5. Business Society: On November 22nd, the ethanol market in Southwest China was steadily adjusted. The reference price for cassava ethanol in Yunnan is 6000-6100 yuan/ton, and the reference price for sugar syrup ethanol is 6350-6400 yuan/ton. (Ethanol details)

6. Business Society: On November 22nd, the ethanol market in Henan and Hebei regions remained stable. Currently, the premium price reference is 5380 yuan/ton, and the anhydrous price reference is 6200 yuan/ton. (Ethanol details)

7. Business Society: The ethanol market is weak and stagnant. According to the Business Society's commodity market analysis system, from November 18th to 22nd, the domestic ethanol price remained at 5520 yuan/ton, a year-on-year decrease of 18.52%. The domestic ethanol market is experiencing a weak decline, with some previously shut down maintenance facilities resuming production and the operating load gradually increasing, resulting in an increase in spot supply; The price of raw corn is fluctuating strongly, but the demand side support is flat, with accompanying replenishment as the main trend, and the ethanol market price is weak and stagnant. (Ethanol details)