According to the Commodity Market Analysis System of Business Society, from September 13th to 20th, the domestic ethanol price increased from 6912 yuan/ton to 7075 yuan/ton, with a weekly price increase of 1.28%, a month on month increase of 2.03%, and a year-on-year increase of 2.98%. In some regions, the inventory of manufacturers is relatively low, and the market atmosphere is gradually increasing driven by edible grade ethanol. At the same time, the raw material corn is driving up the domestic ethanol market, which is actively driving up the market.
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In terms of cost, as we enter mid September, spring corn from North China and other regions has been listed one after another. New season corn has entered the market sporadically, and the willingness of grain trading entities to leave the market has increased. The wait-and-see attitude of downstream deep processed corn has increased. In addition, with continuous price increases and restocking in the early stage, corn inventory has been effectively replenished, and corn purchase prices have been gradually lowered, driving domestic corn market prices to rise and slightly decline. There are temporary positive factors in the cost of ethanol.
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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. Recently, the continuous rise in gasoline prices has driven up the price of fuel ethanol, causing some production enterprises to have a slight shortage of supply. The impact of ethanol supply is mixed.
On the demand side, the downstream chemical industry just needs to purchase, and the demand for ethyl acetate has been slightly boosted, which significantly supports the price. With the coming of the Double Festival, the stock of Baijiu has increased, and the stock of Baijiu has increased. The short-term demand for ethanol is influenced by favorable factors.
Future market predictions indicate high costs and a supply-demand game. Ethanol analysts at the Business Society predict that the domestic ethanol market may be slightly stronger in the short term.
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