Price Trend
According to the monitoring data of business associations, as of March 13, the average price of domestic ethanol market was 5383 yuan/ton, and the domestic ethanol market was mainly stable.
II. Market Analysis
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Products: The domestic ethanol market is stable. Prices fluctuate slightly in the north and east of Jiangsu Province, and gradually stabilize. The pressure of high-price signing and storage is heard, and the downstream chemical industry is purchased on demand; the inventory pressure of enterprises in the northeast region is not great, and the willingness of enterprises to bid is obvious, while the volume of Heilongjiang Borun is stable; the willingness of enterprises in the south of China to bid is obvious, the downstream demand is light, and the arrival of imports is delayed.
Industry Chain: Maize: Maize supply is sufficient and the market demand for farming is still recovering. In theory, the price of maize will continue to fall. Ethyl acetate: The domestic market of ethyl acetate continues to be weak, with smooth delivery under the low-end price advantage of suppliers, but the market is still bearish on the latter stage of ethyl acetate, and the market is still weak.
3. Future Market Forecast
After the last round of price increase, the downstream digestion of the increase process, the northeast side of raw maize has stopped falling slightly, the cost surface is good, the enterprise inventory is not high, the short-term market is expected to remain strong; the eastern side of China enterprises device driving stable, the supply side rebounded, but the downstream side consumes more pre-inventory, the enterprise is expected to maintain a stable short-term market price due to cost pressures; Regional supply is stable, raw material prices remain stable, downstream demand is light, and the short-term market is expected to remain stable. Ethanol analysts at business associations predict that the domestic ethanol market will remain stable in the near future.
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