In October, the domestic ethanol market rose first and then fell, with a narrow range of shocks. According to the sample data monitored by the business community, the price at the beginning and end of the month was 6762 yuan/ton, the maximum amplitude in the month was 0.92%, and the price rose 2.86% year on year.
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At the beginning of the month, the domestic ethanol market was in shock. After the National Day holiday, the downstream demand for ethanol was stable, and the starting load was not boosted. At the same time, the logistics recovered after the holiday, and the domestic ethanol market was dominated by normal spot shipments. The price of raw corn was adjusted by shocks, with a short-term upward trend as the main trend. The cost of ethanol was strongly supported. In terms of demand, the operating rate of chemical ethyl acetate was high, which was driven by favorable factors in the short term.
In the middle of this month, the domestic ethanol market was narrowed. In terms of raw materials, the price of corn was adjusted by shocks. The short-term upward trend was dominant, and the cost support was strong; The demand side maintained stable operation, the starting load of acetate was temporarily stable at a high level, and the short-term demand side procurement was stable. The start-up load of enterprises’ equipment continues to be weak, and the logistics in some areas is limited, and the freight rate has increased slightly in the short term.
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At the end of this month, the domestic ethanol market price continued to fluctuate. The price of corn is temporarily stable at a high level, with limited vibration and strong cost support. The purchase price of the main downstream factories of acetate declined slightly, the starting load of the acetate industry remained low and stable, and the consumption did not increase. The ethanol market is stable and weak.
Strong cost support and stable demand operation. The ethanol analyst of the business association predicted that the short-term domestic ethanol market would be mainly settled by shocks.
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