According to the Commodity Market Analysis System of Shengyi Society, from August 13th to 20th, the domestic ethanol price fell to 5575 yuan/ton, with a price drop of 1.33% during the period, a month on month drop of 2.19%, and a year-on-year drop of 6.81%. The domestic ethanol market prices are running weakly, and factories have a positive attitude towards shipment, resulting in a decrease in quotations.

In terms of cost, the overall decline in corn prices is the main factor. The futures market has fallen, and market sentiment has changed. Port traders have lowered their quotes by 20-30 yuan, and the speed of port pickup is average. The downstream procurement mentality is cautious, and the overall focus is on consuming inventory. 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, from the demand side, the downstream Baijiu and chemical end have entered the traditional off-season, the demand for some chemical exports has improved, and the consumer side is expected to narrow down. Negative factors affecting ethanol demand.
The future forecast shows that the supply side will continue to increase, and the price of ethanol will be under pressure from the supply-demand game, with a mainly oscillating downward trend. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will mainly operate weakly.