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Keywords: Ethanol capacity, output, demand, import, export, review and forecast of China and the worldwide, involving Sinopec, PetroChina, Meihekou Fukang Alcohol, SOPO Group, COFCO Zhaodong, and other ethanol participating enterprises.
China's ethanol market was full of changes in 2016. The industrial synthetic ethanol showed aggressive moves. The antidumping and countervailing actions on U.S.-origin DDGS obtained a preliminary progress. Meanwhile, the supply-side reform and environmental protection & production safety supervision also influenced the market. China's fermented ethanol industry experienced a revolution in the supply-demand structure in 2016. The temporary storage policy officially ended after an eight-year implementation, and the marketization of China's corn market was accelerating. The violent fluctuations in corn prices also impacted cassava-based and synthetic ethanol industries deeply. All these factors created a vibrating ethanol market, and China's ethanol market advanced amidst turbulence in 2016.
China's ethanol industry reached 11,589kt/a in the 95% ethanol capacity and 2,580kt/a in the fuel ethanol capacity in 2016, ranking the third in the world. However, the annual output of the 95% ethanol industry was only 5,527kt, and that of the fuel ethanol was only 2,060kt in the whole year of 2016. China imported 712 kt of ethanol in 2016, however, the tariff rose back to 30% for the denatured ethanol import in the end of the year. What happened in China's ethanol industry? And what will it be in the future? You will have an answer in this report.