Price Trend

According to the monitoring data of business associations, as of March 14, the average price of domestic ethanol market was 5383 yuan/ton, and the domestic ethanol market was mainly stable.

II. Market Analysis

Products: Eastern and Northern Jiangsu region has weak price consolidation, general-level market due to flat shipments, individual factories downgraded high-end, the mindset of the industry is weak; raw maize prices in Northeast Jilin region are strong, cost-side support is good, enterprise contract orders have not been fulfilled; South China enterprises have obvious willingness to bid, although a small number of sugar factories stop pressing, but the impact of market supply is small, downstream demand. Seek light, delayed arrival of imports.

Industry chain: Maize: In the short term, maize prices will continue to weaken under pressure. It is expected that from March to early May, maize prices will generally moderately strengthen. But if the Sino-US trade consultation announces positive and good news during this period, the chances of corn prices falling will increase. Therefore, the key to the forecast of corn price overall bullish in March-May is to pay attention to the outcome of Sino-US trade negotiations. Ethyl acetate: The domestic market for ethyl acetate is stable. In the early period of continuous decline, downstream ethyl acetate Market to maintain a wait-and-see attitude, pushed to the recent part of the market to buy a small peak, relatively smooth turnover. However, the overall domestic demand support is difficult to continue, the downstream just need to buy more digestive inventory, ethyl acetate Market is weak and stable in the late period.

3. Future Market Forecast

Demand downstream is light, high-end supply of goods is poor, and individual enterprises have begun to reduce prices. Ethanol analysts at business associations expect the short-term market to be weak.