First, the price trend
According to business news monitoring data, as of May 8, the average price of domestic ethanol market reported 5323 yuan/ton, the domestic ethanol market is mainly stable.
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II. Market Analysis Products: Domestic alcohol market price hold steady.
Northeast Jilin Corn ethanol to maintain a firm, factory shipments stable, the mentality to maintain a firm, Shandong region wheat alcohol slightly raised other to maintain a stable, east China’s price is stable, downstream demand is light; South China downstream demand maintenance just need to purchase, the market has a low price burst, the enterprise shipping situation in general. Industrial chain: Corn: The recent production area surplus food continued to decline, in the early collection of high-cost background traders have reluctant sentiment, and policy benefits, the corn market stage supply will be gradually transferred from loose tightening, the spot market to form a positive boost.
Ethyl acetate: Domestic ethyl Acetate Market weak finishing, market supply is still oversupplied difficult to ease, downstream wait-and-see mentality strong, the market single transaction in a small number of cases, ethyl acetate market forced to continue to be weak.
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Third, the forecast of the aftermarket Downstream chemical under the influence of environmental protection, short-term difficult to pick up, liquor with the recovery of temperature after the demand is lighter, the Northeast enterprises are mostly in the cost line or cost line below, East China long-term losses, raw materials in terms Business agency ethanol analysts expect much of the domestic ethanol market to remain weak in the short term.
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