Price Trend
This week’s domestic ethanol market has seen both ups and downs. According to business association monitoring data, the price of domestic ethanol market at the beginning of the week was 5400 yuan/ton, which was 0.26% lower than the same period last month and 3.76% lower than the same period last year.
II. Market Analysis
| Melamine |
Products: This week, the domestic ethanol market has seen both ups and downs. Limited transportation during the festival, wine enterprises in Northeast China mostly embarked on cargo or shipping, the speed of shipment slowed down, some small factories in Heilongjiang Province resumed supply within the week, the price was slightly soft, coupled with the price of raw material corn constantly bottoming out, the price of liquor enterprises was low, this week the offer of large factories was temporarily stable, and there was a little discussion on individual core orders; after the holidays in central China, liquor enterprises were still restored in the early period of suspension. In addition, the transportation of goods from other places is limited, which is good for the delivery level in the yard. Some factories queue up to pick up goods and the center of gravity rises sharply. The supply in East China maintains a low level, and there are not many start-up liquor enterprises, and the supply of some large factories is slightly reduced. The liquor enterprises are in a positive mood. Within a week, the ethyl ester plant in Yankuang Mine in Shandong Province stopped short, and the level of goods in large factories is not affected much; Jinyuan in South China, some molasses and liquors are out of service. In the recovery of enterprises and installations, there is not much alcohol in stock and the focus of delivery is shifted upward. after
Industry chain: Upstream, corn: Affected by the sufficient supply of corn in the whole market, the weekly average price ring ratio of corn continued to decline. In terms of the market, CBOT corn futures were narrower and stronger. Summer maize harvesting in North China has reached its peak in the new season, and early-maturing maize has also been harvested in some parts of Northeast China. Under the background of abundant supply, spot prices continue to fall, and the weekly cycle is declining.
| ferric sulfate (Poly ferric sulphate) |
In terms of downstream ethyl acetate, the domestic market for ethyl acetate has remained stable this week. Entering the market after the festival, no matter the manufacturer or the intermediate trader, or even the downstream customers are more cautious. On the one hand, the startup rate of raw material acetic acid industry has risen sharply, and many pre-parking and maintenance devices have restarted at the end of September, coupled with the accumulation of inventory during the National Day, the downward pressure is greater; on the other hand, the startup rate of ethyl acetate industry is also not low, although some of the devices in the vacation have been reduced, but the supply side is still in a bad position. After the festival, the downstream replenishment of the market is slightly supported, and the delivery is temporarily stable. In the early stage, the factory mainly relies on the delivery and warehousing. Although late trading has slowed down, but Shandong Yankuang two sets of devices accidentally stopped, giving the market some confidence, the latter half of the northern market has a mind of exploring, but the market interval changes little, and Shandong Yankuang Zhou tailings restart driving, short-term market rise is still very difficult.
3. Future Market Forecast
With the relief of pressure from environmental security inspection, the increase of supply expectations and the increase of liquidity of supply sources, as the price of corn falls, Northeast goods are sent to Likong liquor enterprises to boost their price sentiment. Ethanol analysts of business associations predict that the domestic ethanol market will be stable or weak in the short term.
| Azodicarbonamide (AC foaming Agent) |