1、 Price trend
This week’s domestic ethanol market mainly fell. According to the monitoring data of the business club, the average price of the domestic ethanol market at the beginning of the week was 5430 yuan / ton, while the domestic ethanol market price at the weekend was 5350 yuan / ton, down 1.47% in the week, 3.08% month on month, 0.62% year-on-year.
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2、 Market analysis
Product: this week’s decline in the alcohol market is dominated, but there is little room for the downward trend. The market price in Shandong is weak; the quotation of individual enterprises in Henan is down; the market in Northeast China is weak and stable; the market in East China is weak and downward; the supply in South China is large and the market price is weak and downward; the downstream demand in Anhui is weak and the market price is slightly down.
Industry chain: corn: the price of corn in Northeast China is firm. At present, except for Jilin, Heilongjiang’s prevention and control efforts have not been reduced. The recovery of goods is slow. There is not much surplus grain in the hands of farmers. There is little surplus grain in other areas, which is basically in the state of grain grabbing. The main surplus grain is still in Jilin. According to my statistics of agricultural products, the surplus grain in Jilin is about 40%, while the trade is about 40% There is not much stock in the hands of e-businessmen, and the price remains firm. At the same time, the corn price in North China is weak. Deep processing enterprises adjust the price according to the amount of goods arrived. The price of vehicles arrived in these two days has dropped continuously. The price may reach a bottom. According to the situation of grain grabbing in Northeast China, the corn price in North China will rise soon.
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Ethyl acetate: the domestic market of ethyl acetate is weak this week. At present, the domestic ethyl acetate starts stably, the market spot supply is sufficient, the downstream terminal industry recovers dispersively and slowly, and the substantial demand for ethyl acetate is low, which leads to the passive competition among suppliers for shipment, and promotes the transaction price of ethyl acetate to go down one after another. However, the raw material acetic acid fell steadily, and the cost side gave some support. The decline of ethyl acetate passively compressed its own profit shipment, and the turnover in South China market was seriously reversed. The short-term ethyl acetate Market as a whole is in a negative situation. This week’s downward trend aggravates the market’s bearish mentality, and the market’s substantive demand is limited. It is expected that the weak situation will continue in the later stage.
3、 Future forecast
According to the prediction of the ethanol analysts of the business agency, the short-term ethanol market is weak, the inventory of raw corn in Northeast China is not high, and the willingness to pull up is high. At present, the inventory of large factories is not high, but the downstream demand is difficult to improve significantly in a short period of time. The price in Henan is likely to continue to weaken, and the price in surrounding areas continues to weaken. At present, arbitrage from Henan to East China is closed, and most of the East China regions are from Due to the low price of goods purchased and delivered in Northeast China, it is expected that the short-term market will be vulnerable to consolidation; due to the large supply of goods in East China and limited downstream demand, it is expected that the short-term market will be vulnerable to consolidation.
| EDTA 2Na |