07 May 2008 10:39 [Source: ICIS news]
SHANGHAI (ICIS news)--East China producers have increased ethanol prices by yuan (CNY) 50-100/tonne ($7.15-14.31/tonne) to offset sagging profits amid high feedstock tapioca values, buyers and sellers said on Wednesday.
Ethanol prices were assessed at CNY5,200-5,550/tonne EXWH (ex-warehouse) E China (east ?xml:namespace>
“The higher feedstock costs squeezed our margins coupled with [higher] water, electricity costs,” a producer said.
Most local producers imported tapioca feedstock for ethanol production, with present prices about CNY1,660/tonne CFR (cost and freight) CMP (
Many producers in
Meanwhile, from 1 May to 30 June, the Ministry of Railways would prioritise the transport of grain from the country’s north to the south in a bid to stabilise the price of rice, producers said, adding this would hit the distribution of ethanol.
($1 = CNY6.99)
Vincent Qi contributed to this article
To discuss issues facing the chemicals industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections