Register with us today

and in less than 60 seconds continue your access to: Latest news headlines Analytical topics and features Commodities videos, podcast & blogs Sample market prices & data Special reports Subscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

IF you are a Platts Market Center subscriber, to reset your password go to the�Platts Market Center to reset your password.

In this list

China heard doubling Jan-Jul ethanol imports with one Sep cargo from Vietnam


How the US-China trade war is impacting Asian flat steel markets

Agriculture | Biofuels

Platts Biofuelscan

Agriculture | Natural Gas | LNG | NGL | Oil | Crude Oil | Refined Products | Petrochemicals | Shipping

Houston Energy Forum at the S&P Global Platts Energy Symposium


South Korea's August ethanol imports rise 23% on month to 27,972 mt

China heard doubling Jan-Jul ethanol imports with one Sep cargo from Vietnam

A 3,000 mt parcel of Vietnamese ethanol has been heard sold to China for September delivery, outpacing the 2,792 cu m it received over January-July, market sources said Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The arbitrage window to China closed in January, when Beijing slapped a 30% import duty on denatured ethanol. Over January-July, China's ethanol imports amounted to only 2,792 cu m, latest customs data showed.

If the Vietnamese cargo is confirmed as arriving in September, it will double China's total ethanol imports for the year to date.

China's domestic ethanol prices have been firming since July after a subsidy for domestic ethanol plants expired and plants started shutting for seasonal maintenance.

Environmental protection checks also resulted in the shutdown of some plants, further tightening supply in the local market.

China's domestic anhydrous ethanol price was heard at Yuan 5,800/mt ($879/mt) Thursday, up Yuan 100/mt week on week and up Yuan 700-800/mt from two months ago, sources in China said. Beverage grade ethanol was heard around Yuan 5,000/mt.

The rise in domestic prices has made duty-free ethanol imports into China profitable again. The Vietnamese anhydrous ethanol cargo was heard traded at around $650/mt CFR China in early August for delivery in September. There is no import duty on Vietnamese ethanol in China.

Despite the arbitrage reopening, sources do not expect imports to surge.

"Domestic prices should cool down in mid-October as many ethanol plants will resume normal production," said a trade source in China. "If anyone is planning to buy cargoes before that, there is not much time left to make the deal," the source added.

Meanwhile, there was market talk that China might reintroduce its subsidy for ethanol plants from November to support corn consumption, as it did in November last year. This could again lower domestic ethanol prices by cutting production costs.

--Xiaojuan Gao,
--Edited by Wendy Wells,