According to the Commodity Market Analysis System of Shengyi Society, from February 2nd to 6th, the domestic ethanol price rose to 54113 yuan/ton, with a price increase of 0.19% during the period, a month on month decrease of 0.32%, and a year-on-year increase of 5.37%. The domestic ethanol market has risen narrowly, with slight regional differences. Driven by the rise in raw material prices, domestic ethanol manufacturers’ quotations have increased.
On the cost side, in terms of bio fermented ethanol, the high price of raw material corn forms strong cost support, while downstream chemical enterprises and intermediaries have significant pre holiday stocking demand, jointly driving up prices. The cost of ethanol is influenced by favorable factors.
From the supply side, the main factories in Northeast China have generally reduced production. The supply of ethanol is affected by favorable factors.
On the demand side, the demand side is active, downstream and intermediaries are actively stocking up before the holiday, and the chemical industry’s essential procurement is stable. Driven by the sentiment of ‘buying up, not buying down’, the market has a good trading atmosphere. The tight pace of factory delivery has further strengthened the market’s bullish expectations, forming upward support for prices. The demand for ethanol is influenced by favorable factors.
In the future forecast, cost support remains evident, factories maintain low load operation, coupled with downstream demand for post holiday replenishment. Ethanol analysts from Shengyi Society predict that the short-term ethanol market will mainly focus on consolidation and observation.
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