SunSirs: Domestic Ethyl Alcohol Market Was Down within a Narrow Range

Price trend

Recently, the domestic ethyl alcohol market has declined within a narrow range, and the market performance of various regions has been different. According to the sample data monitored by SunSirs, as of April 7, the domestic ethyl alcohol market price was 6,912 RMB/ton, the price fell 4.82% month-on-month, and the price rose 32.61% year-on-year.

Analysis review

In terms of market conditions in various regions, the ethyl alcohol market in Henan and East China was weak; the ethyl alcohol market in Northeast China was stable; the ethyl alcohol market in Dongguan continued to decline; the ethyl alcohol market in Guangxi was stable; the ethyl alcohol market in Yunnan was stable.

From the perspective of raw materials, the price of corn fluctuates. Recently, the policy control has been continuously upgraded. At the end of March, the state over-storage rice was sold for targeted auctions. In early April, relevant departments again revised the wheat auction trading rules, restricting feed and flour companies to participate in the auction, and they can only be used for their own use and cannot be sold exclusively. From the perspective of demand, the domestic ethyl acetate market is on the rise. Last week, the downstream stock preparation before the holiday smoothly digested the on-site inventory. The raw material acetic acid has risen significantly recently. The raw material and demand support of the ethyl acetate market was strong and manufacturers increased their offer prices along the way.

Market outlook

Corn prices are consolidating. In the short term, there is no possibility of a rebound in downstream demand. The market supply and demand are imbalanced. In the short term, ethyl alcohol analysts of SunSirs predict that corn-source ethyl alcohol will be weakened in the short term.

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