1、 Price trend
According to the monitoring data of business agency, as of February 26, the average price of domestic ethanol market was 5720 yuan / ton, 3.26% higher than that of the same period last month, and 8.61% higher than that of the same period last year. The domestic ethanol market continued to decline.
2、 Market analysis
| Thiourea dioxide |
Product: the price of ethanol in some domestic markets continues to be lowered. The alcohol market in Shandong Province is declining, and the downstream demand is weak; the price of corn ethanol market in Jilin Province is decreasing, the enterprise’s quotation is obviously stable, the order is delivered, and the inventory of some enterprises is increased. It is heard that a production enterprise in Heilongjiang has shut down its equipment, the downstream demand is weak, and the enterprise’s inventory is increased, but the current market price remains stable; there are still many sources of goods in South China, and the inventory alcohol is expanding, Consumption will take a while, while downstream demand is obviously not high, and negative market prices continue to fall. Market prices in other regions have stabilized temporarily.
Industry chain: corn: corn price fluctuates in a narrow range. In the near future, due to the continuous supply of policy corn, the improvement of logistics and shipping efficiency, and the decline of transportation cost, the shortage of corn supply in the main market area has been alleviated. The increase of grain supply and the lack of significant increase of demand have resulted in a reasonable price correction. At present, the surplus grain inventory is still on the high side, and the pressure of centralized grain sales still exists. On the demand side, the pig production cycle is long and the outbreak of avian influenza is back. The market is generally pessimistic about the demand expectation. It is expected that in late February and March, with the improvement of the epidemic prevention and control situation, the transportation link will gradually resume smooth, the supply of corn will gradually recover in the later period, and the space for corn price to continue to rise will be gradually limited. In the short term, it is expected that the price will continue to be stable, and local market adjustment will probably drag down the overall average price moderately weak.
| Thiourea |
Ethyl acetate: the domestic market of ethyl acetate is stable temporarily after falling. As the downstream terminal industry has not recovered and the market demand support is weak, there is no purchasing enthusiasm for the falling price of ethyl acetate. The raw material acetic acid continued to decline, giving the cost of ethyl acetate negative, but the short-term market decline has no support for shipments, ethyl acetate Market is expected to be weak in stages.
3、 Future forecast
At present, the inventory of ethanol enterprises is sufficient, and there are many sources of goods in the market, while the demand for 95% alcohol in the downstream is obviously weakened. Although other downstream enterprises, such as ethyl acetate, have started to increase, the demand has not been significantly increased. Although it is heard that under the aggravation of international public health events, in some neighboring countries without alcohol devices, foreign enterprises have started to inquire about alcohol, the estimated demand is not large enough Mass consumption of current production. In the case of serious contradiction between supply and demand, business alcohol analysts expect that the short-term domestic ethanol market price weakness will mainly decline.
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