Chinese ethanol imports hit record high in September

摘要

China’s ethanol imports hit an all-time high of 121,625rncubic meters in September, more than double thern53,530 cu m imported in August and easily topping thernprevious high of 69,077 cu m seen for July, data fromrnthe General Administration of Customs showed inrnOctober. China’s import arbitrage for ethanol has swungrnright open in recent months, driven by a combination ofrnhigh domestic corn prices, low profitability and lowrncapacity utilization for Chinese ethanol producers.