According to the Commodity Market Analysis System of Shengyi Society, from November 10th to 14th, the domestic ethanol price was adjusted to 5268 yuan/ton, with a month on month decrease of 4.20% and a year-on-year decrease of 4.55%. Domestic ethanol prices remain weak and stable, with average transactions and a high negative market sentiment.

On the cost side, corn prices have slightly increased, and the main factories are mainly digesting low-priced grains from the early stage. The favorable factors for ethanol cost have weakened.
On the supply side, the Northeast region has shown outstanding performance, with an overall operating rate of 92.43%, significantly higher than the national level. Specifically, major large enterprises in Heilongjiang continue to operate at overload, while other factories in the region have also maintained full production capacity, jointly driving up the overall operating load in Northeast China. Several previously suspended enterprises have recently resumed production, and the supply of ethanol is affected by unfavorable factors.
On the demand side, downstream demand for chemical products such as ethyl acetate will increase in the short term, and due to the current cost reduction and high production enthusiasm of factories with profits, the consumption of ethanol will increase. The demand for ethanol is influenced by favorable factors.
Market forecast shows stable plant operation, limited demand, and weak price stability.. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will mainly be weak.