According to the Commodity Market Analysis System of Shengyi Society, from July 8th to 12th, the domestic ethanol price rose from 6032 yuan/ton to 6040 yuan/ton, with a price increase of 0.12% during the week and a price decrease of 10.52% year-on-year. Some regions have tentatively increased, but downstream purchases are mostly on demand, with average transaction volume. Under high costs, most companies bear the pressure of losses and are unwilling to lower prices to place orders. Considering the current weak demand, the domestic ethanol market has only maintained a slight upward trend.

In terms of cost, the surplus grain at the grassroots level has bottomed out, and downstream procurement will be carried out in stages, with a limited amount of imported grain powder. The corn market is operating at a high level. 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. The supply of ethanol is affected by favorable factors.

On the demand side, in the off-season of Baijiu consumption, the anhydrous purchase volume of methyl ethyl ester will increase; Ethyl acetate starts production to reduce negative load. Short term ethanol demand is influenced by bearish factors.

In the future, some regions are expected to have favorable cost performance, which will support the firm ex factory prices of production enterprises. The weak demand in most regions has affected the atmosphere of the ethanol market. The ethanol analyst from Shengyi Society predicts that the short-term domestic ethanol market will be mainly dominated by weak consolidation.