From November 18 to 22, domestic ethanol prices fell by 18.52% year-on-year. The domestic ethanol market fell weakly, some of the previously suspended maintenance units resumed production, the operating load gradually increased, and the spot supply increased; the price of raw material corn in the producing areas fluctuated, but the demand side supported mediocre, mainly replenishment, and the ethanol market price was weak and stagnant.
On the cost side, domestic corn prices fluctuated and consolidated. As the weather in the producing areas gradually turned cold, the quality of new grain gradually recovered, and farmers became more reluctant to sell. Traders’ purchase prices increased slightly and then stabilized. The impact on ethanol costs was mixed.
On the supply side, the supply in various regions is stable with minor adjustments. The production of the Fukang Fourth Line, Heilongjiang Shenglong and Dongfeng Hualiang units has resumed, and the operating load has gradually increased. The spot supply in some areas may increase. It is difficult for favorable factors to appear on the ethanol supply side.
On the demand side, the demand side has good support for liquor consumption; the purchase volume of methyl ethyl ester for anhydrous is stable; the start-up of ethyl acetate has not changed much. The short-term impact on ethanol demand is mostly stable.
Forecast for the future market, the spot supply on the supply side has increased slightly, the liquor consumption on the demand side has not changed much, and the overall production and sales are slightly flat. It is expected that the domestic ethanol market will be mainly weak and stable in the short term.
Post time: Nov-25-2024