According to the Commodity Market Analysis System of Business Society, the domestic ethanol market is operating at a high level. From August 29th to September 5th, the domestic ethanol price increased from 6812 yuan/ton to 6825 yuan/ton, with a weekly price increase of 0.18%, a month on month increase of 2.63%, and a year-on-year increase of 2.63%. The high support of raw materials has led to an increase in demand for some downstream products, but the supply has remained high, resulting in a sluggish rise in the ethanol market in the future.
On the cost side, the high price of corn fluctuates, and the inventory of aged corn will continue to decline. The demand for breeding and feed production will continue to increase. The overall supply of aged corn will continue to be in a period of shortage, and the supply capacity will continue to decline. Traders are reluctant to sell at low prices. Currently, domestic spring corn has also started to be listed, with spring corn in Hubei, Sichuan and other places starting to increase in quantity, and some early maturing spring corn in Shandong, Henan and other places also being listed sporadically, At present, there is no centralized increase in quantity, and the prices in the sales area remain high. There are temporary positive factors in the cost of ethanol.
On the supply side, the ethanol supply side is mixed.
On the demand side, downstream chemical companies are just in need of procurement, and large ethyl acetate factories are gradually returning to full capacity. Some factories in East China have maintenance plans. The short-term demand for ethanol is mixed.
In the future market forecast, cost and supply support are high, and demand is expected to break through. Ethanol analysts from Business Society predict that the domestic ethanol market may experience strong fluctuations in the short term.
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