According to the Commodity Market Analysis System of Shengyi Society, from November 18th to 22nd, the domestic ethanol price remained at 5520 yuan/ton, a year-on-year decrease of 18.52%. The domestic ethanol market is experiencing a weak decline, with some previously shut down maintenance facilities resuming production and the operating load gradually increasing, resulting in an increase in spot supply; The prices of raw corn production areas are fluctuating, but the demand side support is flat, with accompanying replenishment being the main trend, and the ethanol market price is weak and stagnant.

In terms of cost, domestic corn prices have fluctuated and stabilized. As the weather gradually turns colder in production areas, the quality of new grain is gradually recovering, and farmers’ reluctance to sell is becoming stronger. Traders’ purchase prices have stabilized after a slight increase. The impact of ethanol cost is mixed.

On the supply side, the supply in various regions remains stable with small fluctuations. The Fukang Fourth Line, Heilongjiang Shenglong, and Dongfeng Hualiang facilities have resumed production, and the operating load is gradually increasing. Some areas may see an increase in spot supply. There are hardly any favorable factors in the supply of ethanol.

Demand side, demand side Baijiu consumption support is acceptable; Methyl ethyl ester maintains stable purchasing volume for anhydrous materials; There is not much change in the production of ethyl acetate. The impact of short-term ethanol demand is mostly stable.

In the future, it is predicted that the supply side spot supply will rise by a narrow margin, the demand side Baijiu consumption will not change much, and the overall production and sales will be slightly flat. The ethanol analysts of the business community predict that the short-term domestic ethanol market will mainly operate weakly and stably.