According to the commodity market analysis system of SunSirs, from May 12 to 16, the domestic ethanol price rose from 5293 RMB/ton to 5374 RMB/ton, an increase of 1.52%, a month-on-month increase of 2.60%, and a year-on-year decrease of 11.28%. The ethanol market continued to rise. Enterprises in some regions have great cost pressure. They ship according to orders, the operating rate is not high, and the inventory pressure is not great. The willingness to increase prices is obvious, but the number of new orders is limited.

On the cost side, corn prices fluctuated. The arrival volume of deep-processed corn in Shandong and Hebei is acceptable, and the corn prices of some enterprises have been slightly reduced. The arrival of deep-processing enterprises in Henan is average, and the price has been raised. Before the wheat harvest, the grassroots grain stations shipped goods for cash, but the overall supply pressure is not great. The cost side of ethanol is affected by favorable factors.

On the supply side, the 100,000-ton annual production unit of Dongfeng in Jilin, the 120,000-ton annual production unit of Chengde Mountain Resort in Hebei, the 300,000-ton annual production unit of Jinyimeng in Shandong, and the 150,000-ton annual production unit of Dongcheng in Jiangsu were shut down; the 300,000-ton annual production units of SDIC Tieling, SDIC Hailun, and SDIC Jidong were shut down for maintenance; the 500,000-ton annual production unit of Jufeng in LiaoRMB was shut down for a long time. Hongzhan Laha Line resumed feeding after a short shutdown. At present, it is difficult for the ethanol supply side to have major positive factors.

On the demand side, from the demand side, the demand for liquor does not fluctuate much, and some downstream chemical companies have a demand for replenishment. The short-term ethanol demand side is generally affected.

Forecast for the future market, ethanol supply is stable, cost pressure still exists, and enterprises are willing to support prices. Ethanol prices may remain at the current level.

Analysts of ethanol analysts at SunSirs predict that the domestic ethanol market will be consolidated in the short term.

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