Price trend

According to the Commodity Market Analysis System of SunSirs, from June 30th to July 4th, the domestic ethanol price rose to 5,661 RMB/ton, with a price increase of 0.64% during the period, a month on month increase of 3.93%, and a year-on-year decrease of 6.35%. Supported by high costs, the pressure on ethanol costs has further deepened, and short-term on-site transactions are limited.

Analysis review

In terms of cost, the center of corn prices continues to shift upwards. At present, the average weekly price of corn in China is 2,437 RMB/ton, with a price increase of 15 RMB/ton. The cost of ethanol is favorable factors.

On the supply side, there is little fluctuation in the production of edible ethanol. Heilongjiang Hongzhan Huanan has shut down, Jixian Plant has stopped feeding, Laha One Line production, Zhongke Green has shut down, and Jilin Dongfeng has shut down. The impact of ethanol supply is mixed.

On the demand side, from the perspective of demand, downstream chemical companies require essential procurement, downstream refineries deliver a small amount of low-priced goods, and most high-end transactions occur. The short-term demand for ethanol is favorable factors.

Future outlook:

Manufactures have a clear willingness to raise prices, and short-term prices remain firm. Ethanol analysts from SunSirs predict that the short-term shutdown of factories will restore supply, and prices may remain stable in the short term.

If you have any inquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.