According to the Commodity Market Analysis System of Shengyi Society, from November 17th to 21st, the domestic ethanol price was adjusted to 5289 yuan/ton, a month on month decrease of 3.74% and a year-on-year decrease of 4.18%. The domestic ethanol market has rebounded, with slight regional differences. The raw material corn market is rising, cost support is increasing, supply in some areas is decreasing, there are not many spot goods, and factory quotations are rising. The increase in downstream production of ethyl acetate in some regions has led to an increase in demand for ethanol, which is favorable for the ethanol market.

On the cost side, corn prices have slightly increased, and ethanol factories urgently need to purchase. 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, the loss of equipment is greater than the recovery, and the utilization rate of ethyl acetate production capacity has slightly decreased. Negative factors affecting ethanol demand.
Market forecast, overall. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market trend will mainly focus on consolidation.