According to the Commodity Market Analysis System of Shengyi Society, from August 19th to 23rd, the domestic ethanol price fell from 5982 yuan/ton to 5970 yuan/ton, with a price drop of 0.21% during the period and a year-on-year decline of 12.37%. The domestic ethanol market prices are weakly stable, with rising raw material prices, cost pressures on ethanol production enterprises, increased market supply, and demand side demand for fixed procurement. At the same time, there is a strong demand for fixed purchases on the demand side, and actual transactions are light.

In terms of cost, the domestic corn market has fluctuated, and rumors of overdue rice have been delayed; The cost of building a database for traders is relatively high; Channel inventory is low, and the expected decrease in imported grains in the fourth quarter. The cost of ethanol is influenced by favorable factors.

On the supply side, there are significant differences in the operating rates of production enterprises in different regions; Negative factors affecting the ethanol supply side.

On the demand side, the off-season of Baijiu consumption continues and orders are postponed; The short-term anhydrous procurement of methyl ethyl ester remains stable; Ethyl acetate will restart the Baichuan plant next week, and the Anhui Huayi plant is scheduled for maintenance, with little fluctuation in short-term operation. Short term ethanol demand is influenced by bearish factors.

In the future market forecast, the negative impact of cost is expected, while the market supply remains abundant, resulting in overall shipping pressure. Ethanol analysts from Shengyi Society predict that domestic ethanol prices will remain stable with a weak trend in the short term.