According to the Commodity Market Analysis System of Shengyi Society, from July 22nd to 26th, the domestic ethanol price rose from 5995 yuan/ton to 6012 yuan/ton, with a price increase of 0.29% and a year-on-year decrease of 9.59% during the period. Due to the suspension of some factory facilities and reduced inventory pressure, ethanol prices have slightly increased. The overall downstream purchasing is flat, demand remains sluggish, and trading volume is limited.

On the cost side, with high temperatures and frequent rainfall in the production area, traders are more proactive in shipping, resulting in weak short-term fluctuations in corn prices. The cost of ethanol is influenced by bearish factors.

On the supply side, there are significant differences in the operating rates of production enterprises in different regions. The supply of ethanol is affected by favorable factors.

Demand side, Baijiu consumption off-season; Methyl ethyl ester is operating at full capacity this week. Short term ethanol demand is influenced by bearish factors.

Market forecast: Negative impact on cost, sluggish demand leading to market shipment obstruction. The ethanol analyst from Shengyi Society predicts that the short-term domestic ethanol market will be mainly dominated by weak consolidation.