Recently, the domestic ethanol market situation has been sorted and operated. According to sample data monitored by Business Society, the domestic ethanol market price was 7000 yuan/ton at the beginning of the week, and 6975 yuan/ton at the end of the week, a decrease of 0.36% during the week, a month on month increase of 0.72%, and a year-on-year increase of 26.36%.

In terms of market conditions in various regions, the market in Northeast China is weak and consolidating, the markets in East China and Shandong are weak, the market in Henan is declining, the market in South China and Guangxi is observing and consolidating, the market transactions in Dongguan corn area are light, the market transactions in Anhui area are average, the market in Sichuan area is stable, and the market transactions in Yunnan area are still acceptable.

From the perspective of raw corn, the corn market has maintained a high volatility this week due to market expectations of a supply-demand gap. However, there are still uncertain factors such as policy regulation, a significant increase in import volume, and a substantial increase in new season corn production that will affect market price fluctuations. From the perspective of demand, the demand for Baijiu has ended, the demand for chemical ethyl acetate has continued to decline this month, the demand for ethanol has continued to decline, the market turnover is light, and other downstream basically maintain just in demand procurement.

The price of raw material corn continues to remain high, and corn ethanol will continue to operate at a low level under cost pressure. Large factories will not shut down their facilities during the winter, and orders will be shipped in the short term, with prices remaining stable. Business Society's ethanol analyst predicts that in the short term, the domestic ethanol market will mainly focus on consolidation.

Article source: Business Society