According to the Commodity Market Analysis System of Shengyi Society, from November 11th to 18th, the domestic ethanol price fell from 5570 yuan/ton to 5520 yuan/ton, with a price drop of 0.90% during the cycle and a year-on-year decline of 18.82%. The domestic ethanol market is operating steadily, with major factories accompanying shipments. The trading atmosphere is still acceptable, and shipments are average. Downstream shipments are mainly accompanied by fixed procurement.

In terms of cost, domestic corn prices have remained weak and stable, with some areas experiencing a continuous increase in new grain production. Due to weather conditions, it is difficult to store grain, and farmers have increased their enthusiasm for selling grain. Deep processing enterprises have further lowered their prices to purchase corn. The cost of ethanol lacks favorable support.

On the supply side, the supply in various regions remains stable, with some factories experiencing short-term shutdowns and plans to restart. Coal quality factories are expected to operate normally, and production on the Fukang Fourth Line is expected to resume. There may be some increase in spot supply in some areas. There are hardly any favorable factors in the supply of ethanol.

On the demand side, the consumption of Baijiu on the demand side has not changed much, and the overall production and sales are slightly flat; The downstream production rate of ethyl acetate remains stable, mainly due to the stable consumption of raw material ethanol. The impact of short-term ethanol demand is mostly stable.

In the future forecast, the cost is mainly stable with weak operation, and there are unlikely to be any positive factors in the supply and demand side in the short term. Ethanol analysts from Shengyi Society predict that the domestic ethanol market may not have a breakthrough in the short term.