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SunSirs: Ethyl Alcohol Market in Some Regions Has Fluctuated at High Levels

February 25 2021 11:09:38     SunSirs (John)

Recently, the domestic ethyl alcohol market has fluctuated at a high level, and the market performance of various regions has been different. According to the sample data monitored by SunSirs, as of February 24, the domestic ethyl alcohol market price was 7,237 RMB/ton, the price fell 1.30% month-on-month, and the price rose 25.65% year-on-year.

In terms of market conditions in various regions, the current ethyl alcohol market in Northeast, Henan and Sichuan is consolidating; the ethyl alcohol market in East China and Anhui is stable; the ethyl alcohol market in Guangdong is rising, and the corn-derived ethyl alcohol market is high; The price of molasses rise to a high level, and the molasses source ethyl alcohol market in Guangxi increase; the Yunnan molasses source ethyl alcohol market is strong, affected by the surrounding areas, the quotations of enterprises are high, and the enterprises sell ethyl alcohol according to orders.

From the perspective of raw corn, corn prices continue to rise. Due to the tight domestic corn supply situation, the situation has not changed. With the end of the Spring Festival holiday, the resumption of work and production are gradually starting. It is expected that the overall corn price will continue to be strong in the second late February. On the downstream side, the domestic ethyl acetate market has slowed down its upward pace. The downstream is in the recovery stage, actively purchasing, smoothly digesting manufacturers' inventory, and driving manufacturers' offer prices to continue to rise.

In some areas, the process of waiting for downstream consumption after the price of ethyl alcohol has weakened. The market is currently waiting for bids from large manufacturers. Most of the logistics have resumed work, and more cars and fewer jobs have led to weaker transportation prices. Ethyl alcohol analysts of SunSirs predict that in the short term, the regional trend of domestic ethyl alcohol market prices will be obvious.

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