According to the Commodity Market Analysis System of Shengyi Society, from August 15th to 22nd, the domestic ethanol price fell to 5575 yuan/ton, with a price drop of 1.33% during the period, a month on month drop of 2.41%, and a year-on-year drop of 6.62%. The domestic ethanol market prices are weak and consolidating, factory quotations have been lowered, new orders have been limited, and factories have a positive attitude towards shipment.
In terms of cost, the spot price of corn is still weak, and there is no improvement in market demand. The procurement situation for deep processing in North China has not shown significant improvement, which does not provide strong support for the market. The market focus is gradually shifting towards new grains. The cost of ethanol is influenced by bearish factors.
On the supply side, there is not much fluctuation in the production of edible ethanol, and the factory has a positive attitude towards shipping, resulting in low prices in the market. The impact of ethanol supply is mixed.
On the demand side, from the demand side, Baijiu began to be purchased sporadically, some chemical export demand improved, and the consumer side is expected to narrow down. Negative factors affecting ethanol demand.
The future forecast shows that the supply side continues to increase, but there is no significant improvement in demand. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will continue to operate weakly.