According to the Commodity Market Analysis System of Shengyi Society, from October 8th to 12th, the domestic ethanol price fell from 5752 yuan/ton to 5675 yuan/ton, with a price drop of 1.32% during the period and a year-on-year decline of 18.20%. The domestic ethanol market prices have fluctuated and fallen, coupled with logistics restrictions and rising shipping costs, coupled with poor downstream demand, resulting in slow shipments and increased inventory pressure for enterprises. The price of raw corn continues to decline, with a slight loosening in costs. After the holiday, production companies have gradually lowered their offers, and the focus of the ethanol market has once again fallen.

On the cost side, import policies are tightening; Expected reduction in corn production in the new season; Farmers are reluctant to sell; The willingness of traders to build warehouses has increased; Macro environment improvement. Chen grain transfer; New corn on the market; Downstream demand is generally average; Downstream inventory is low, purchase on demand. Grassroots purchasing and sales are not prosperous, and the market supply is relatively even, with corn prices fluctuating within a certain range. The cost of ethanol lacks favorable support.

On the supply side, the supply in various regions of the market remains stable, and there may be maintenance plans for coal factories next week. There are hardly any favorable factors in the supply of ethanol.

On the demand side, Baijiu consumption support slightly improved; Methyl ethyl ester maintains stable purchasing volume for anhydrous materials. Short term ethanol demand is expected to be supported by favorable factors.

In the future forecast, the inventory of enterprises will increase and the willingness to ship will be strong, but downstream demand will continue to be weak. Ethanol analysts from Shengyi Society predict that the domestic ethanol market will remain weak in the short term.