Price Trend

According to the monitoring data of business associations, as of July 3, the average price of domestic ethanol market was 5370 yuan/ton, and the domestic ethanol market was stable.

II. Market Analysis

Products: The domestic alcohol market is stable. Enterprises in Northeast China have stable quotation and low inventory in downstream centralized purchasing enterprises; enterprises in Henan Province have stable quotation, low start-up and just-in-demand purchasing in downstream areas; enterprises in East China have weak quotation and poor downstream purchasing; enterprises in South China have stable quotation, just-in-demand purchasing in downstream areas and limited price of cassava alcohol supply in downstream areas. Stable performance.

Industry Chain: Corn: Auction grains flow into the market one after another, market supply tends to be loose, feed enterprises purchase with picking, the market as a whole is not smooth, price adjustment is narrow. Some trading enterprises actively released their warehouses. Some corn deep processing enterprises are about to be repaired in summer. In addition, the demand for breeding is currently in a relatively stable state. Therefore, we predict that in the context of the continued entry of grain auctions into the market, the corn market will experience a more likely period of weak adjustment until the end of the auction. However, from the overall trend, the late corn market is still bullish. Ethyl acetate: The domestic market of ethyl acetate is running steadily for the time being. Under the pressure of cost, there is no room for profit concession between the producers and the holders. However, the downstream off-season market is difficult to form continuous support for the purchase of ethyl acetate in stages, which leads to the increasing stock of suppliers and the weakening of the market of ethyl acetate. Raw material acetic acid is temporarily stable, which gives market cost support, and the shipment of mainstream production enterprises is still acceptable. It is expected that the market of ethyl acetate will be weak in the later stage.

3. Future Market Forecast

Later, it is expected that the short-term market will run smoothly. After centralized purchasing in the downstream, the market will perform smoothly and the demand for liquor will be light. In terms of raw materials, the prices of corn, cassava and molasses are on the high side of the production cost of enterprises, and the willingness of enterprises to bid is obvious. However, under the influence of supply dragging, ethanol analysts of business associations expect that the domestic ethanol market will remain stable in the short term.