SunSirs: Domestic Ethanol Market Is Running Stably

Price trend

According to the data monitoring of SunSirs, as of November 12, the average price of domestic ethanol market was 5460 RMB/ton, the price rose 1.11% month on month, and the price fell 1.62% year on year. The domestic ethanol market is mainly stable, and the market in some regions is strong.

Analysis review

Product: The domestic ethanol market is stable temporarily. The ethanol market in Northeast China operates stably for the time being, and large-scale factories execute contracts, while liquor companies wait and see; the ethanol market in Jilin Province transits stably for the time being, and large-scale factories execute contracts for the time being, and liquor companies temporarily hold prices; the ethanol market in East China maintains stable operation, and there are not many stocks in the market, and SuChun stops, and liquor companies have a stable mentality; the ethanol market in Shandong Province operates stably, and the demand is stable, and under the support of contracts, the mentality of large-scale factories is stable; the ethanol market in Northern Jiangsu maintains stable operation, the actual single and rigid needs to be promoted and maintained, the supply declines, there are not many spot goods, and the mood of liquor enterprises is temporarily stable; the ethanol market in southern Jiangsu is in light and stable operation, the downstream demand continues to be light, and there is no significant fluctuation in negotiation; the ethanol market in Henan Province is temporarily stable operation, the on-site device shutdown arrangement, and the terminal stock demand is high. In the short term, the domestic ethanol market is temporarily stable, with local turbulence.

Industry chain: corn: the peak of corn production in Northeast China has not yet arrived, the demand for animal feed in the downstream is still weak, and the demand for corn starch is not strong in the peak season. The supply of corn market in the future will be gradually relaxed, a small number of enterprises will raise prices to supplement the stock, which is difficult to support the overall recovery of corn market prices, and the corn market will once again turn to the situation of strong supply and weak demand. It is expected that the domestic corn prices will continue to adjust slightly as a whole in November.

Ethyl acetate: the domestic market of ethyl acetate is stable at the beginning of the week. Due to export and shipment, the inventory of the enterprise is tight. However, domestic demand is not good, and the market is expected to stabilize in the near future.

Market outlook

Alcohol analysts of SunSirs expect that in the short term, the domestic ethanol market may be at a high level, and the long-term market may be weak with the increase of supply.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.