According to the Commodity Market Analysis System of Business Society, from October 7th to 13th, the domestic ethanol price fell from 7000 yuan/ton to 6937 yuan/ton, with a weekly price drop of 0.89%, a month on month increase of 0.36%, and a year-on-year increase of 2.43%. Production enterprises mainly complete preliminary orders, with relatively stable inventory and stable price consolidation.

On the cost side, some corn production areas are listed, and the overall high yield expectation of autumn grain is relatively sufficient. Trade entities continue to be bearish on the future market, and the overall price of domestic corn market is high and low, while the price of domestic corn market continues to be weak and downward. There are temporary bearish factors on the cost side of ethanol.

On the supply side, the majority of production enterprises in various regions park their facilities, and the operating rate of normally operating enterprises remains at 30-40%. A small number of enterprises have low inventory, while most enterprises have relatively high inventory. Jilin Dongfeng Hualiang is feeding out products, and Shuntong is about to release products. Hongzhan Huanan is recovering, and there is a possibility of Liaoyuan Jufeng starting up. The supply side of ethanol is influenced by bearish factors.

On the demand side, most ethyl acetate factories maintained normal production status in October. Other chemical products require procurement. The short-term demand for ethanol is mixed.

In the future market forecast, the cost is bearish and the supply and demand are weak. Ethanol analysts from Business Society predict that the domestic ethanol market may be weak in the short term.