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SunSirs: The Domestic Ethyl Alcohol Market Is Fluctuating at a High Level

November 04 2020 15:35:29     SunSirs (John)

Recently, the domestic ethyl alcohol market has continued to rise. According to the sample data monitored by SunSirs, the domestic ethyl alcohol market price on October 14 was 6,500 RMB/ton, and the domestic ethyl alcohol market price on November 4 was 6,862 RMB/ton, an increase of 5.58% during the cycle. The price rose by 9.15% from the previous month, and the price rose by 26.61% year-on-year. The main reason is that the raw material corn has declined slightly, the procurement of raw materials in the Northeast region is slightly difficult, the enterprises sell according to orders, individual inventory exists, and the downstream liquor and chemicals just need to be purchased.

On the one hand, the raw material corn market has dropped slightly, and on the other hand, the international epidemic situation is still severe. Some people in the industry are optimistic about exports. The domestic epidemic prevention and control may also trigger a new round of demand. SunSirs ethyl alcohol analysts predict that this week, the domestic ethyl alcohol market will fluctuate at a high level.

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