According to the Commodity Market Analysis System of Business Society, the domestic ethanol market continued to rise. From August 15th to 22nd, the domestic ethanol price increased from 6750 yuan/ton to 6812 yuan/ton, with a weekly price increase of 0.93%, a month on month increase of 1.87%, and a year-on-year increase of 1.68%. There are slight regional differences in the domestic ethanol market, with high raw material prices and limited support from ethanol in stock. As a result, the domestic ethanol market prices remain firm.
In terms of cost, as we entered mid August, the impact of rainfall caused by the typhoon in the production and sales areas gradually eased. The arrival volume of corn in ports and deep processing areas continued to increase. After effectively replenishing the corn inventory of ports and deep processing enterprises, the corn purchase price was lowered, causing high volatility in the domestic corn market. On August 22nd, the benchmark price of corn in Shangshang Society was 2798.57 yuan/ton. There are temporary positive factors in the cost of ethanol.
On the supply side, the Fukang device was shut down and the Tianyu device resumed in mid August; Zhaodong Food resumed around August 15th, but production was limited. Longhe and Romet have plans to start production after the raw materials arrive at the port in the middle of the year. Henan Houyuan Device Storage and Maintenance Plan. The ethanol supply is mixed.
On the demand side, downstream chemical companies are just in need of procurement, and large ethyl acetate factories are gradually returning to full capacity. At the end of August, some factories in East China have maintenance plans. The short-term demand for ethanol is mixed.
In the future market forecast, cost and supply support are high, and demand is expected to break through. Ethanol analysts from Business Society predict that the domestic ethanol market may experience strong fluctuations in the short term.
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