BEIJING: China’s ethanol exports rose 8% month on month to 19,814 cu m in July, General Administration of Customs data released last Friday showed. More than 99% of China’s ethanol exports in July were of undenatured ethanol. Saudi Arabia remained the main destination for China’s undenatured ethanol exports in July at 12,945 cu m, about 65% of total exports, followed by North Korea at 4,137 cu m and the Philippines at 2,015 cu m. Over January-July, China exported a total 97,137 cu m of ethanol, 97% of which was undenatured ethanol.
Export volumes are expected to fall from August due to a rise in domestic ethanol prices in the month, market sources said. Hydrous ethanol prices rose about Yuan 100/mt ($15/mt) in the first half of August to Yuan 4,500-4,800/mt, while anhydrous ethanol prices have risen to around Yuan 5,800/mt from around Yuan 5,000/mt in July, said a China-based source. Despite this, the import arbitrage window has not yet opened, said an Asian trader source.
China’s ethanol imports in July remained minimal at 288 cu m, 88% of which was undenatured ethanol from Myanmar. For dried distillers grains, or DDGS, China’s imports in July fell 47% month on month, or 18.57 million kg, to 20.82 million kg. All imports in July came from the US.
Goods transport body announces 5pc raise in fares after fuel price hike
ISLAMABAD: Pakistan Goods Transport Alliance President Malik Shahzad Awan has expressed strong reaction to the increase in the prices of...
