According to the Commodity Market Analysis System of Shengyi Society, from March 3rd to 7th, the domestic ethanol price rose from 5300 yuan/ton to 5307 yuan/ton, an increase of 0.14% during the cycle and a year-on-year decrease of 15.92%. The price of edible ethanol in the domestic market is stable with some increase, but the upward trend has slowed down. The price of raw material corn continues to operate strongly, and the production cost of corn ethanol is under pressure. Holders have a strong mentality of supporting prices and a strong focus.

In terms of cost, the price of raw material corn is stable but slightly strong, and the cost side has provided some support for alcohol prices. With the boost of cost benefits, enterprises have a strong mentality of supporting prices. The cost support of ethanol is still acceptable.

On the supply side, the overall spot supply is abundant. There are unlikely to be major favorable factors in the supply of ethanol.

On the demand side, from the demand side, Baijiu consumption support is flat; The operating rates of downstream methyl ethyl carbonate and ethyl acetate do not change significantly, and their consumption of ethanol remains stable; Other downstream chemical industries are accompanied by regular procurement, with a focus on stocking up for essential needs, resulting in limited demand boost. The short-term impact of ethanol demand is expected to break through.

In the future forecast, the overall spot pressure on the supply side of the alcohol market is not high, and the price of raw material corn is fluctuating and consolidating. Cost support still exists, and the mentality of production enterprises has been boosted. The demand side has limited follow-up, with rigid demand transactions being the main focus and spot trading being flat. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.