According to the Commodity Market Analysis System of Business Society, from October 19th to 26th, the domestic ethanol price fell from 6962 yuan/ton to 6895 yuan/ton, with a weekly price drop of 0.97%, a month on month decrease of 2.89%, and a year-on-year increase of 2.43%. The production enterprise orders and delivers goods with stable prices, and some factory prices are not high. In the case of poor demand, the overall delivery situation is average.

On the cost side, the market price of raw corn fluctuated slightly. Recently, imported corn has been arriving and being released, and inventory in southern ports has slightly increased. As the end of the month approaches, new grain from the north is about to arrive in Nangang one after another, and downstream feed enterprises still maintain a strategy of using and collecting as needed, resulting in weak market supply and demand. There are temporary bearish factors on the cost side of ethanol.

On the supply side, the majority of production enterprises in various regions park their facilities, and the operating rate of normally operating enterprises remains at 30-40%. A small number of enterprises have low inventory, while most enterprises have relatively high inventory. Shuntong Short Stop is about to resume. Hongzhan Huanan is recovering, and there is a possibility of Liaoyuan Jufeng starting up. The supply side of ethanol is influenced by bearish factors.

On the demand side, most ethyl acetate factories maintained normal production status in October. Other chemical products require procurement. The short-term demand for ethanol is mixed.

In the future market forecast, the cost is bearish and the supply and demand are weak. Ethanol analysts from Business Society predict that the domestic ethanol market may be dominated by weak trends in the short term.