According to SunSirs, domestic ethanol prices fell to 5,563 RMB/ton from September 1st to 5th, a 0.29% decrease over the period, a 1.71% decrease month-over-month, and a 6.41% decrease year-over-year. Multiple negative factors continued to weigh on domestic ethanol prices, with notable declines in Northeast China.

On the cost side, the price of raw material corn has continued to weaken regionally, significantly impacting ethanol production costs. This is a bearish factor affecting ethanol costs.

On the supply side, with previously shut-down maintenance facilities resuming production in Northeast China, overall market supply has increased. This has had a mixed impact on ethanol supply.

On the demand side, demand is showing a divergent pattern: downstream chemical industries have recently experienced production cuts or delayed operations, while demand in the liquor industry has maintained moderate growth. Furthermore, logistics control measures in some regions have limited product transportation and delivery efficiency. This is a bearish factor affecting ethanol demand.

Market forecasts indicate continued growth in supply, while demand has not seen a significant improvement. SunSirs ethanol analysts predict the ethanol market will remain weak in the short term.

As an integrated internet platform providing benchmark prices, on September 8, SunSirs ethanol's benchmark price was 5,563.89 RMB/ton, down 0.29% from 5,580 RMB/ton at the beginning of the month.

Application of SunSirs Benchmark Pricing：

Traders can price spot and contract transactions based on the pricing principle of agreed markup and pricing formula (Transaction price=SunSirs price + Markup).

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