I. price trend

According to the monitoring data of business agency, as of November 20, the average price of domestic ethanol market was 5460 yuan / ton, the price rose 0.55% month on month, and the price fell 1.62% year on year. The domestic ethanol market is mainly stable, and the market in some regions is strong.

II. Market analysis

Product: the domestic ethanol market is stable temporarily. Due to snowfall in Northeast China, the cost of automobile transportation rises, the price rises, the offer is temporarily stable, and the price of wine is on the lookout; the ethanol market in East China fluctuates little, and the market in each region continues to weaken, and the factory orders are generally accepted; the ethanol market in Shandong province maintains stable operation, and most large factories implement contracts, with stable market focus and few new orders are traded; the cassava alcohol market in Northern Jiangsu province fluctuates little. The downstream takes the goods according to the demand, and the liquor price is stable. The cassava alcohol market in southern Jiangsu maintains stable operation, with the overall demand continuing to be light, and the liquor companies’ shipping mood is general. The ethanol market in Henan area is arranged in the interval, and the downstream trading atmosphere is light, while the liquor companies are temporarily stable. The ethanol market in South China is arranged in the high position, the downstream trading atmosphere is flat, and the stocks of each company are many and low. The short-term domestic ethanol market maintained stable operation, with local shocks.

Industry chain: corn: with the wheat price in Luji region entering a high position, the supply and demand pattern of wheat in the circulation market tends to improve, the trend of wheat price tends to stabilize, and the volume of national wheat storage volume has declined significantly year on year. In the later period, when the “peak season is not prosperous” and the holiday boosting effect is weakened, the downward pressure on wheat prices in Shandong and Hebei will increase. Up to the first ten days of November, most of the winter wheat in the North was in the period of three leaves to tillering, and the proportion of the first and second winter wheat seedlings in China was 21% and 78%, respectively. After the obvious increase in the period after the National Day holiday, with the increase of the sales of the main grain holding stocks of wheat and the increase of cross regional inflow, the pattern of supply and demand of wheat in the circulation market in Shandong and Hebei region tends to improve, and the trend of wheat price shows a stable high running trend, with some regional wheat prices rising and falling, but the range is not large.

Ethyl acetate: the domestic market of ethyl acetate is stable, and the mainstream supplier digests the inventory of cargo, but the continuous weakness of raw acetic acid aggravates the bearish situation of ethyl acetate Market, and the downstream purchase continues to be rational. The substantive digestion of ethyl acetate is insufficient, and the continuous weakness of raw acetic acid drives the gradual decline of ethyl acetate Market.

III. future forecast

Business alcohol analysts predict that in the short term, the domestic ethanol market may be at a high level, and in the long term, it may be weak as supply increases.