According to the Commodity Market Analysis System of Shengyi Society, from February 14th to 21st, the domestic ethanol price rose from 5125 yuan/ton to 5167 yuan/ton, an increase of 0.83% during the cycle and a year-on-year decrease of 18.46%. The price of edible ethanol in the domestic market is stable with some increase, and the price of raw material corn continues to be strong. The production cost of corn ethanol is under pressure, and the holders have a strong mentality of supporting prices and a strong focus.

In terms of cost, the price of raw material corn is stable but slightly strong, and the cost side has provided some support for alcohol prices. With the boost of cost benefits, enterprises have a strong mentality of supporting prices. The cost support of ethanol is still acceptable.

On the supply side, the Shandong factory has resumed shipments, and the overall spot supply on the supply side is abundant. There are unlikely to be major favorable factors in the supply of ethanol.

On the demand side, downstream demand is stable, with rigid procurement as the main focus, and a cautious and wait-and-see attitude; The main downstream of ethyl acetate has heard a slight increase in operating rate, which may lead to a slight increase in ethanol consumption or storage. The short-term impact of ethanol demand is expected to break through.

Market forecast, cost and demand game, downstream enterprises are watching the market with insufficient positive news, and terminal procurement is mainly for essential needs. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.