According to the Commodity Market Analysis System of Shengyi Society, from January 4th to 9th, the domestic ethanol price rose to 5430 yuan/ton, with a month on month increase of 1.35% and a year-on-year increase of 4.43%. The domestic ethanol market has seen a double increase in supply and demand, and the cost of fermented ethanol is running at a high level with limited upward momentum; The terminal demand has improved, and the short-term cost positive trend still exists. With the destocking environment in the main production areas, the future market is stable but weak.

From a cost perspective, the overall price center of corn continues to shift upwards. The price increase of Beigang has stimulated the arrival of goods, and futures have also risen. The production area follows Beigang and futures with a price increase of 10-30 yuan/ton. The quantity of grain on the market is still limited, and the enthusiasm for selling grain at the grassroots level is still average. The cost of ethanol is influenced by favorable factors.
The supply side and ethanol supply side are affected by bearish factors.
On the demand side, downstream ethyl acetate production capacity utilization rate has slightly increased. The demand for ethanol is influenced by favorable factors.
Market forecast, overall. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will mainly experience narrow fluctuations.