According to the Commodity Market Analysis System of Shengyi Society, the overall supply has increased; The price of raw materials has fallen, and there is insufficient cost support. The contradiction between supply and demand is prominent, the demand for Baijiu is declining, and the chemical industry just needs to purchase. In August, the domestic ethanol market market fluctuated and declined. From August 1st to 29th, the average price of domestic ethanol producers narrowly fell from 5677 yuan/ton to 5580 yuan/ton, with a price drop of 1.71% during the period and a year-on-year price drop of 6.34%.

At the beginning of the month, the domestic ethanol market prices fluctuated narrowly, and the favorable factors on the cost side gradually weakened. There were slight regional differences in the supply side, with supply increasing and decreasing.
In the first half of the month, the domestic ethanol market prices were running weakly, with limited overall market transactions and a decrease in factory quotations.
In mid month, the domestic ethanol market prices were running weakly, and factories had a positive attitude towards shipment, resulting in a decrease in quotations.
At the end of the month, the domestic ethanol market prices were weakly adjusted, factory quotations were lowered, new orders were limited, and factories had a positive attitude towards shipment.
On the cost side, as costs decrease, the price of raw corn in Northeast China may increase compared to previous years, but there may be a trend of high opening and low falling. Henan corn will concentrate on increasing quantity, which will affect the price trend of corn in Henan region. The cost of ethanol is influenced by bearish factors.
On the supply side, the impact of ethanol supply is mixed.
On the demand side, downstream demand first decreased and then increased. Ethyl acetate Henan Shunda may have plans to start production in September, ethylamine Shandong factory may have maintenance plans, Zhejiang may have maintenance plans, and methyl ethyl carbonate Shandong shutdown factory may resume in mid September. With the advent of the Double Festival, the demand for Baijiu will increase. Pre holiday chemical stocking will increase demand in mid September. The short-term demand for ethanol is influenced by favorable factors.
In the future forecast, due to the increase in supply and low demand, the domestic ethanol market price will weaken in the short term. As pre holiday stocking begins, prices may stabilize. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will be mainly weak and then stable.