According to the Commodity Market Analysis System of Shengyi Society, from February 5th to 14th, the domestic ethanol price fell from 5162 yuan/ton to 5125 yuan/ton, a decrease of 0.73% during the cycle and a year-on-year decrease of 20.23%. The price of edible ethanol in the domestic market fluctuates weakly, but the overall supply is stable. After the holiday, corn ethanol enterprises have resumed work one after another, and downstream demand is stocking up.

In terms of cost, domestic corn prices have remained stable with a slight increase. The deep processing industry has good profits; The policy of importing grains has shrunk; New season corn production reduction; The sale of imported corn wheels has stopped. The cost support of ethanol is still acceptable.

On the supply side, Jilin’s major edible ethanol plant has shifted production, resulting in a decrease in operating load. However, overall, there is not much pressure on spot supply; The production enterprise can still accept orders and the delivery is stable. There are unlikely to be major favorable factors in the supply of ethanol.

On the demand side, Baijiu consumption is generally supported; Methyl ethyl ester maintains stable purchasing volume for anhydrous materials; Ethyl acetate has been reported to have gradually resumed parking facilities, and the operating rate has rebounded. The short-term impact of ethanol demand is expected to break through.

Market forecast, cost and demand game, downstream enterprises are watching the market with insufficient positive news, and terminal procurement is mainly for essential needs. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.