According to the Commodity Market Analysis System of Shengyi Society, from May 1st to 9th after the holiday, the domestic ethanol price rose from 5233 yuan/ton to 5293 yuan/ton, with a price increase of 1.16%, a month on month increase of 1.10%, and a year-on-year decrease of 11.77%. In some regions, the equipment of enterprises continues to undergo rotation inspections, the supply of ethanol is limited, the price of raw material corn is strong, the cost pressure is high, and the willingness of enterprises to raise prices is obvious.

In terms of cost, corn prices are relatively firm, and the purchase prices for deep processing have also increased. The prices in production areas have continued to rise recently, and the shipping mentality of traders is slightly different. Overall, there is not much corn surplus in the production area, and the quotation is firm. The cost of ethanol is influenced by favorable factors.
There are unlikely to be significant favorable factors in the supply of ethanol.
On the demand side, from the demand side, the demand for Baijiu fluctuates little, and the downstream stock of chemical industry needs to be replenished. The short-term demand for ethanol has a moderate impact.
In the future market forecast, the high level of raw materials will have an impact, and there is a possibility for companies to raise prices, but the demand is average. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.