SunSirs: High Raw Material Prices Drove the Ethyl Alcohol Market to Rise Slightly
March 02 2021 13:59:26 SunSirs (John)
Price trend
Recently, the domestic ethyl alcohol market has risen slightly, and the market performance of various regions varies. According to the sample data monitored by SunSirs, as of March 1, the domestic ethyl alcohol market price was 7,262 RMB/ton, the price increased by 1.57% month-on-month, and the price increased by 27.64% year-on-year.
Analysis review
In terms of market conditions in various regions, the ethyl alcohol market in Henan has been weakened; the ethyl alcohol market in Northeast China has gone up; the ethyl alcohol market in East China and Shandong has gone up; the ethyl alcohol market in South China has gone up; the corn-source ethyl alcohol market in Sichuan has been high; the corn-source ethyl alcohol market in Anhui has gone up; the cassava-source ethyl alcohol in Dongguan, Guangdong has increased; most cassava-source ethyl alcohol companies in Yunnan has shut down, and market transactions has been limited; Guangxi molasses ethyl alcohol market has raise.
From the perspective of raw material corn, the post-holiday raw material corn market remains strong. The current corn gap is still large, and imported grains are limited to ports. In terms of downstream, the domestic ethyl acetate market has risen sharply to its highest point in the past decade.
Market outlook
High corn prices have become the norm. Due to the possibility of slight fluctuations in supply, the overall trend will continue to run at a high level. The operating rate of downstream ethyl acetate has increased recently. 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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