According to the Commodity Market Analysis System of Shengyi Society, from March 21 to 28, the domestic ethanol price fell from 5282 yuan/ton to 5250 yuan/ton, a decrease of 0.62% during the cycle and a year-on-year decrease of 14.63%. The domestic market price of edible ethanol has slightly declined, and the price of raw material corn is running weakly, putting pressure on production enterprises’ costs and increasing their willingness to raise prices; Downstream customized procurement based on demand, with cargo holders accompanying the shipment, resulting in an average transaction atmosphere.

In terms of cost, the demand for corn market is currently slightly average, and the price of corn market is running weakly. The cost support for ethanol is relatively weak.

Supply side, stable operation of supply side. The maintenance of the biological fermentation ethanol plant is concentrated in April, and the on-site supply side is stable and organized. The stable operation of cassava corn ethanol supply side. Coal to ethanol production: Anhui Carbon Xin and Hengxin facilities are temporarily shut down, while other facilities are producing steadily. 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 limited; 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 demand for ethanol has a moderate impact.