According to the Commodity Market Analysis System of Shengyi Society, from July 6th to 11th, the domestic ethanol price rose to 5661 yuan/ton, with a price increase of 0.08% during the period, a month on month increase of 3.74%, and a year-on-year decrease of 6.28%. Cost support has weakened, supply side equipment is about to recover, downstream demand has not changed significantly, and the ethanol market is digesting the increase.

In terms of cost, the overall corn price is still weak, the market atmosphere is weak, and spot prices continue to decline. The cost of ethanol is influenced by bearish factors.
On the supply side, there is little fluctuation in the production of edible ethanol. The impact of ethanol supply is mixed.
On the demand side, downstream chemical companies in Shanghai and Zhejiang have seen a slight decrease in delivery prices for essential purchases. Ethanol prices in Shandong region fluctuated narrowly, with some factories experiencing initial increases followed by subsequent increases. Short term ethanol demand is influenced by bearish factors.
Future forecast: There will be equipment recovery on the supply side in the near future to supplement some of the supply gap. There has been no improvement in demand. Ethanol analysts from Shengyi Society predict that due to the supply-demand game, short-term prices may weaken narrowly.