According to the Commodity Market Analysis System of Shengyi Society, from July 28th to August 1st, the domestic ethanol price fell to 5677 yuan/ton, with a price decrease of 0.38% during the period, a price increase of 0.38% month on month, and a year-on-year decrease of 5.58%. The domestic ethanol market price fluctuates narrowly, and the favorable factors on the cost side are gradually weakening. There are slight regional differences in the supply side, and the supply volume has increased and decreased.
In terms of cost, the current purchasing and sales activity of corn is average, and the purchase price of corn for deep processing has been slightly lowered. The downstream stocking enthusiasm is not high, and the price is mainly adjusted in a stable, medium, and narrow range. The impact of ethanol cost is mixed.
On the supply side, there is little fluctuation in the production of edible ethanol. The impact of ethanol supply is mixed.
On the demand side, from the demand side, most Baijiu factories in some regions have been shut down, with limited transactions, mostly for chemical consumption. Negative factors affecting ethanol demand.
Market forecast: Short term prices may remain stable, and some regions may experience a surge in supply and delivery prices. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market trend will mainly focus on observation and consolidation.