According to the Commodity Market Analysis System of Shengyi Society, from August 2nd to 9th, the domestic ethanol price fell from 6007 yuan/ton to 5995 yuan/ton, with a price drop of 0.21% during the period and a year-on-year decline of 10.36%. The domestic ethanol market prices are running weakly and steadily, with the demand side continuing to be sluggish. Factories are experiencing a decline in shipping prices, but downstream purchasing power is limited, resulting in relatively flat trading volumes.

On the cost side, there is a strong atmosphere in the domestic corn market, and traders continue to lower prices in order to accelerate shipments, resulting in short-term downward pressure on corn. The cost of ethanol is influenced by bearish factors.

On the supply side, there are significant differences in the operating rates of production enterprises in different regions. Negative factors affecting the ethanol supply side.

On the demand side, the off-season of Baijiu consumption continues and orders are postponed; The short-term anhydrous procurement of methyl ethyl ester remains stable; Ethyl acetate will restart the Baichuan plant next week, and the Anhui Huayi plant is scheduled for maintenance, with little fluctuation in short-term operation. Short term ethanol demand is influenced by bearish factors.

In the future market forecast, the negative impact of cost is expected, while the market supply remains abundant, resulting in overall shipping pressure. Ethanol analysts from Shengyi Society predict that domestic ethanol prices will remain stable with a weak trend in the short term.