According to the Commodity Market Analysis System of Shengyi Society, from June 16th to 20th, the domestic ethanol price rose to 5486 yuan/ton, with a price increase of 0.49% during the period, a month on month increase of 2.08%, and a year-on-year decrease of 9.25%. In some regions, raw material corn is supported by high prices, while some enterprises in the main production areas have stopped production due to equipment maintenance. Ethanol production enterprises have a clear willingness to raise prices and are reluctant to sell at low prices, resulting in an increase in transaction prices.

In terms of cost, corn traders in the main production areas have a relatively optimistic attitude, with inventory at a relatively low level and prices relatively firm. The cost of ethanol is influenced by favorable factors.
The supply side and ethanol supply side are affected by favorable factors.
On the demand side, from the demand side, downstream Baijiu and chemical products are entering the traditional slack season, the consumer side is expected to reduce slightly, and the transaction price of downstream chemical products is expected to rise. The short-term demand for ethanol is influenced by favorable factors.
In the future forecast, favorable costs will continue to support the high operation of ethanol prices. Business Society’s ethanol analyst predicts that the domestic ethanol market will operate at a relatively high level in the short term.