According to the Commodity Market Analysis System of Shengyi Society, from June 23 to 27, the domestic ethanol price rose to 5512 yuan/ton, with a price increase of 3.63% during the period, a month on month increase of 5.40%, and a year-on-year decrease of 5.70%. The price of raw corn has risen, and production enterprises have shown a clear willingness to raise prices. They are reluctant to sell at low prices, and ethanol prices have continued to rise. Traders’ shipping prices have also increased synchronously.

In terms of cost, corn prices in the main production areas continue to show a strong trend. Recently, there has been more rainy weather in North China, and the arrival volume of deep processing goods in Shandong has remained low. There are less than 100 vehicles arriving in the morning, and the price of corn for enterprises has generally increased by 10-20 yuan/ton. The cost of ethanol is influenced by favorable factors.

Supply side, market supply side has declined, Hongzhan Jixian has stopped production, and Zhongke Green has resumed production, but the output is limited. Guangxi COFCO has a shutdown plan but the timing has not been determined. The supply of ethanol is affected by favorable factors.
On the demand side, from the demand side, the downstream Baijiu and chemical industry are entering the traditional off-season, the consumer side is expected to reduce slightly, and the downstream chemical industry delivery price will rise. The short-term demand for ethanol is influenced by favorable factors.
In the future forecast, favorable costs will continue to support the high operation of ethanol prices. Business Society’s ethanol analyst predicts that the domestic ethanol market will continue to operate at a high level in the short term.