According to the Commodity Market Analysis System of Business Society, from June 10th to 17th, the domestic ethanol price increased from 6007 yuan/ton to 6032 yuan/ton, with a weekly price increase of 0.42%, a month on month decrease of 0.29%, and a year-on-year decrease of 7.26%. The price of raw corn is pushing up, and the cost of grain for enterprises is increasing, providing price support. Due to increased equipment maintenance in some regions, there has been a situation of spot installation, resulting in a tight supply. However, the trend of oversupply has continued, with flat trading volume and narrow fluctuations in the overall price of domestic ethanol market.
| Gamma-PGA (gamma polyglutamic acid) |
On the cost side, currently available spot inventory is low, breeding profits are increasing, supply is tightening, and the overall domestic corn market is operating strongly. The cost of ethanol is influenced by favorable factors.
On the supply side, there are significant differences in the operating rates of production enterprises in different regions; Less than 40% of construction in East China has started; About 80% of the construction in Northeast China has started; The operating rate in southern and southwestern regions is about 20%. Heilongjiang Hongzhan Huanan Factory was shut down for maintenance in mid June, Guangxi Jinyuan was shut down for full line maintenance on June 12, Jilin Fuel Ethanol underwent maintenance in early July, Wanli Runda was shut down for maintenance in mid July, and Guotou Yushu Factory underwent maintenance in mid to late July. The supply side of ethanol is influenced by favorable factors.
On the demand side, Baijiu is purchased in the off-season, and the demand is weak; The downstream construction of ethyl acetate rose slightly. After the Dragon Boat Festival, ethyl acetate enterprises had the expectation of centralized procurement; The impact of compliance policies on ethanol gasoline refining is gradually weakening, and major purchasing companies have resumed procurement operations. In addition, the usage rate of in vehicle air conditioning will increase from June, leading to a rebound in gasoline demand. The short-term demand for ethanol is influenced by favorable factors.
The future market forecast shows that the current cost side and supply side are supported by favorable factors, and Baijiu and chemical procurement are not good. Supply and demand game. Ethanol analysts from Business Society predict that the short-term domestic ethanol market will mainly consolidate.
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