Tag: CHina

China Beidahuang Industry Group to invest $153.04 million in Inner Mongolia ethanol plant

China Beidahuang Industry Group to invest $153.04 million in Inner Mongolia ethanol plant

April 19, 2018 |

In China, China Beidahuang Industry Group announced it would invest $153.04 million in an ethanol plant in Inner Mongolia that would use 924,000 metric tons of corn and around 350,000 tons of straw and sweet sorghum each year in an effort to achieve the 10% ethanol-blending mandate recently set for 2020. The facility is set […]

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China to start auctioning off 2014 corn stocks at deep discount

China to start auctioning off 2014 corn stocks at deep discount

April 9, 2018 |

In China, Reuters reports that nearly 7 million metric tons of four-year-old corn stocks will be auctioned off beginning this week, a move that is seen as a boon to ethanol producers who can use lower quality corn that will be offered with a floor price of $214.40 per ton. Though the floor price is […]

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China boosts ethanol import tax to 45%

China boosts ethanol import tax to 45%

April 2, 2018 |

In China, Reuters reports that the additional 15% tax added on to ethanol on Sunday, bringing the total import tariff to 45%, as part of retaliation for the US increasing import tariffs on steel will have immediate impacts on ethanol imports but analysts expect the country to have to return to foreign ethanol consumption at […]

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Marquis Energy sees China importing 400,000 metric tons of US ethanol in 2018

Marquis Energy sees China importing 400,000 metric tons of US ethanol in 2018

March 28, 2018 |

In China, Reuters reports that Marquis Energy believes US ethanol exports to China could reach 400,000 metric tons this year as long as an additional 15% tariff isn’t added to the current 30% tariff in retaliation for US steel import tariffs. Some estimates had been as high as 800,000 tons but the threat of higher […]

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China February ethanol imports soar to 21-month high at 197,652 cubic meters

China February ethanol imports soar to 21-month high at 197,652 cubic meters

March 27, 2018 |

In China, Reuters reports that February ethanol imports jumped to 197,652 cubic meters, the highest imports seen since May 2016, with 189,035 cubic meters coming from the US. Cheap US ethanol due to high stocks mean that landed ethanol is still profitable even with the 30% import tariff in place. Threats of boosting that import […]

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China fires back on Trump’s trade war with ethanol tariffs

China fires back on Trump’s trade war with ethanol tariffs

March 23, 2018 |

In China, the trade war has begun as China responded on Friday to Trump’s latest trade tariffs with a proposed list of U.S. products they plan on targeting as well. The list includes 128 U.S. products, including ethanol, wine, fresh fruit, dried fruit and nuts, steel pipes and ginseng, according to a statement from China’s […]

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China boosting its ethanol production 500,000 tons in 2018

China boosting its ethanol production 500,000 tons in 2018

March 22, 2018 |

In China, Reuters reports that ethanol production could increase by half a million metric tons this year as part of the country’s ramp up to an E10 blending mandate in 2020 with an eye on 5 million tons of production within the next five years. Higher margins are helping to boost interest in ethanol production […]

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Chinese independent refiners looking to implement E10 early

Chinese independent refiners looking to implement E10 early

March 21, 2018 |

In China, Reuters reports that three independent refiners are jumping into the ethanol blending game ahead of the government’s E10 blending mandate set to begin in 2020. Shandong Wonfull Petrochemical Group and Henan Fengli Petrochemical Co have applied for permission to blend while Dongming Petrochemical plans to begin importing ethanol through its trading arm, but […]

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US ethanol exports collapse in February as China remains conspicuously absent

US ethanol exports collapse in February as China remains conspicuously absent

March 12, 2018 |

In Texas, Platts reports USDA data showing ethanol exports fell by nearly half in February from the month before to 334.4 million liters, also 24% lower than in February 2017, on the back of China’s near absence as an import destination despite strong buying expected throughout Q1. The market had expected exports to remain steady […]

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Boost in ethanol exports to China and Brazil support higher CIF Philippines prices

Boost in ethanol exports to China and Brazil support higher CIF Philippines prices

March 6, 2018 |

In the Philippines, Platts reports that higher US ethanol prices and a premium for fuel shipped out of the US Gulf Coast region have boosted CIF Philippines imported ethanol prices to $514/cu m, the highest seen in 10 months. With arbitrage windows into both China and Brazil wide open, exporters are taking advantage of the […]

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