According to the system, from August 19 to 23, the domestic ethanol price fell by 0.21% in the cycle, and fell by 12.37% year-on-year. The domestic ethanol market price was weak and stable, the price of raw materials rose, the cost of ethanol production enterprises was under pressure, the market supply increased, and the demand side was determined by rigid demand. At the same time, the demand side was determined by rigid demand, and the actual transaction was light.
On the cost side, the domestic corn market fluctuated, and there were rumors that the overdue rice would be delayed; the cost of building warehouses for traders was high; channel inventory was low, and the import of grain was expected to decrease in the fourth quarter. The cost side of ethanol was affected by favorable factors.
On the supply side, the operating rates of production enterprises in various regions vary greatly; the SDIC Yushu ethanol plant has started production and will start production soon; the third line of the Fukang ethanol plant plans to stop production soon; the Sichuan Hongzhan ethanol plant has been shut down for maintenance and is expected to restart in September. There are no significant changes in the plants of other plants. The supply side of ethanol is affected by negative factors.
On the demand side, the off-season for liquor consumption continues, and orders are temporarily suspended; the short-term anhydrous purchase volume of methyl ethyl ester is stable; the Baichuan plant of ethyl acetate will restart next week, and the Anhui Huayi plant is planned to be overhauled, and the short-term operation fluctuations are not large. The short-term demand side of ethanol is affected by negative factors.
For the future market forecast, the cost side is negatively affected, while the market supply remains abundant, and the overall shipment pressure is relatively large. It is expected that the domestic ethanol price will be stable and weak in the short term.
Post time: Aug-26-2024