SunSirs: Domestic Ethanol Market Continues to Rise
December 11 2019 10:16:52 SunSirs (John)
Price trend
According to the data of SunSirs, as of December 10, the average domestic ethanol market price was 5,530 RMB/ton, and the price rose 1.28% month-on-month, and the price rose 1.78% year-on-year. The domestic ethanol market continues to rise, and the market in some regions is firm.
Analysis review
Product: Some areas of the ethanol market are on the rise. Due to centralized downstream purchases in Henan and low stocks, the ethanol prices continue to rise; The quotations of major manufacturers in East China go up, and the popular devices have been released; Small factories in Northeast China have experienced a slight decline in prices due to logistics restrictions；Enterprises in South China and Guangxi have not started well, and prices have risen on the back of favorable supply.
Industrial chain: Ethyl acetate: The domestic ethyl acetate market is on the sidelines. After the downstream market has experienced replenishment in the early stage, it will continue to digest the supply of goods, and the market will have insufficient new orders. The supply side's inventory keeps accumulating, and the decline in raw material acetic acid worsens the downstream wait-and-see attitude, and all parties in the market are weak. In the short term, the stocks of various manufacturers continued to accumulate, and the ethyl acetate market trend was weak in stages.
Market outlook
Ethanol analysts of SunSirs predict that the domestic ethanol market may be high in the short term, and in the long term, it may be weak as the supply increases.
If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.
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