According to the Commodity Market Analysis System of Shengyi Society, from March 10th to 14th, the domestic ethanol price fell from 5307 yuan/ton to 5300 yuan/ton, a decrease of 0.14% during the cycle and a year-on-year decrease of 15.54%. The price of edible ethanol in the domestic market fluctuates narrowly, and the supply and demand are balanced. In some regions, with strong support from corn on the cost side, production companies have raised their quotations.

In terms of cost, corn prices are generally running strong, and the current market trade grain prices are actively increasing. At present, the market quotation is relatively high, and downstream enterprises are slightly active in spot delivery, with orders mainly signed in the distant months. The cost support of ethanol is still acceptable.

The supply side has limited fluctuations, and there is currently no maintenance plan for the biological fermentation equipment. The on-site supply side is stable and organized, and the cassava ethanol plant equipment is operating stably. There are unlikely to be major favorable factors in the supply of ethanol.

On the demand side, from the demand side, Baijiu consumption support is limited; The operating rates of downstream methyl ethyl carbonate and ethyl acetate do not change significantly, and their consumption of ethanol remains stable; Other downstream chemical industries are accompanied by regular procurement, with a focus on stocking up for essential needs, resulting in limited demand boost. The short-term demand for ethanol has a moderate impact.

In the future forecast, the overall inventory of the alcohol market supply side is controllable, the price of raw material corn continues to fluctuate strongly, the cost support is strong, and the mentality of production enterprises is still acceptable. Limited follow-up on the demand side, with a focus on stocking up for urgent needs, resulting in a mediocre transaction atmosphere. Business Society’s ethanol analyst predicts that the domestic ethanol market will remain stable in the short term.