According to the Commodity Market Analysis System of Shengyi Society, from May 19th to 23rd, the domestic ethanol price rose to 5374 yuan/ton, with a month on month increase of 2.76% and a year-on-year decrease of 10.60%. Domestic ethanol market prices are consolidating at a high level. Enterprises in the Northeast region continue to undergo rotation inspections, with low production rates and a clear willingness to raise prices. In the short term, without inventory pressure, prices may remain stable. The transaction situation in Henan region is still acceptable, with prices maintaining a high level of consolidation.

In terms of cost, the price of corn fluctuates. The arrival volume of deep processed corn in Shandong and Hebei is still acceptable, and some enterprises have seen a narrow reduction in corn prices. Henan’s deep processing enterprises have generally received goods and prices have increased. Before the wheat harvest, grassroots grain points were able to monetize their shipments, but overall supply pressure was not significant. The cost of ethanol is influenced by favorable factors.
There are unlikely to be significant favorable factors in the supply of ethanol.
On the demand side, from the demand side, the demand for Baijiu fluctuates little, and the downstream stock of chemical industry needs to be replenished. The short-term demand for ethanol has a moderate impact.
In the future, with stable supply and ongoing cost pressures, companies have a clear willingness to raise prices, and ethanol prices may remain stable. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.