Price Trend
The domestic ethanol market rose and fell unevenly this week. According to the monitoring data of business associations, the price of domestic ethanol market was 5370 yuan/ton at the beginning of the week and 5380 yuan/ton at the end of the week. Within the week, the price of domestic ethanol market rose by 0.19%, which was 1.36% lower than that of the same period last year.
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II. Market Analysis
Products: This week, alcohol market popularization only declined in Anhui, while other parts of the country maintained an upward trend. Northeast Heilongjiang Hongzhanne River Phase II plant shut down, enterprise quotations rose, Jilin large factory inventory is not high, followed by a small upward pace; East China Dongcheng plant started, although the supply side rose, but affected by the price rise in Northeast China, market prices pulled up; Central China and Henan region first fell and then rose, first downstream demand side profit and shortfall. Supported by the favorable supply side, the price went up in the later period, and Xinheyang plant in Henan was shut down; South China was supported by the favorable supply side of raw materials, enterprises were reluctant to sell at low prices, low-end market prices disappeared, market prices went up slightly, the export volume of goods from northeast China was general, and there was no water supply from other places to Hong Kong for the time being. Wen.
Industry chain: In the upstream, the average weekly price of Maize in Northeast Jilin closed at 1740 yuan/ton, down 4.67% from last week’s price. The price of dried cassava chips in upstream Thailand remained stable, mainly due to the current season of fresh cassava production. Cassava entered the starch market more and dried chips exported less. Up to now, FOB 235-240 US dollars per ton. The theoretical price of ports in eastern China was 1900-1920 yuan per ton. Domestic enterprises were affected by the weak demand downstream. Parking to avoid the market, raw material procurement is not good. Downstream, East China Ethyl Acetate 5400 yuan/ton, down 1.82% from last week’s price.
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3. Future Market Forecast
Looking at the market next week, Eastern China Ethyl Ester will start construction stably in the near future, receiving goods relatively stable, supporting the consumption of goods, but there are many cases of shutdown in other chemical downstream high-temperature weather; Northeast China is mainly concerned about the restart time of shutdown enterprises, the current factory shipment pressure is greater, driven by the mentality of small factories, or one. In the mid-to-mid-term of Xinheyang Plan in central China, favorable bidding operation of factories, together with the pressures of loss in Henan factories at present, the bidding mood of factories is strong, but the short-term demand for liquor is difficult to recover. Southern China maintains the mentality of just needing to buy liquor, and the short-term market is not warm and persistent. Ethanol analysts from business associations predict that the short-term trend of regionalization of the domestic ethanol market is obvious.