In September, the domestic ethanol market recovered slightly. According to the sample data monitored by the business community, the price at the beginning of the month was 6625 yuan/ton, and the price at the end of the month was 6762 yuan/ton, with a monthly increase of 2.08% and a year-on-year increase of 6.50%.
At the beginning of the month, the domestic ethanol market rose by a narrow margin. The main manufacturers raised the ex factory quotation and intended to drive the market. In the short term, the domestic ethanol market is still oversupplied, and the buying remains just in demand.
In the middle of this month, the domestic ethanol market fluctuated and sorted out. After the corn ethanol price rose, it was temporarily stable, and it was difficult to see a high number of actual orders. In the short term, the main factories were operating stably, the starting load was high, the price of raw corn was slightly raised, and the trading volume was improved.
In the last ten days of this month, the domestic ethanol market fluctuated in a narrow range, which was stable on the whole. In terms of positive factors, first, the price of raw material corn rose in a narrow range, with less price suppression and more price increases; Second, equipment maintenance and load reduction of major production enterprises increased, and the overall supply was weak. On the negative side, the demand for downstream products, whether chemical or liquor, is weak. The good news is not as good as the bad news, and the stalemate in the ethanol market is the main reason.
The ethanol analyst of the business association predicted that the short-term domestic ethanol market would be mainly settled by shocks.