According to the Commodity Market Analysis System of Shengyi Society, from June 9th to 13th, the domestic ethanol price rose to 5461 yuan/ton, with a price increase of 0.25% during the period, a month on month increase of 2.25%, and a year-on-year decrease of 8.72%. In some areas, raw material prices have risen, production enterprises have stopped maintenance and equipment, and the supply side is favorable, resulting in price increases after enterprises release their goods. Downstream Jiangsu and Shandong Chemical’s essential procurement has seen an increase in transaction prices.

In terms of cost, the minimum protection price policy for wheat has been implemented in some regions, and Henan has launched market support purchases to boost market buying and selling sentiment. Corn futures have performed strongly, and spot prices have been raised. The price of raw cassava chips has significantly increased. The cost of ethanol is influenced by bearish factors.
The supply side and ethanol supply side are affected by favorable factors.
On the demand side, from the demand side, the demand for Baijiu has not changed much. The chemical industry just needs to purchase, and the transaction price has risen. The short-term demand for ethanol is influenced by favorable factors.
In the future forecast, the market supply is stable, with no changes in the supply of edible and coal based ethanol. The demand is basically maintained at the basic level of essential needs, and there will be no short-term reduction in downstream production or shutdown of facilities, as well as the commissioning of new facilities. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.