From May 12 to 16, domestic ethanol prices rose by 1.52%, up 2.60% from the previous month and down 11.28% from the previous year. The ethanol market continued to rise. In some regions, enterprises faced great cost pressure, orders were delivered, production was not high, inventory pressure was not great, and there was a clear willingness to increase prices, but new orders were limited.
On the cost side, corn prices fluctuated. The arrival volume of deep-processed corn in Shandong and Hebei was acceptable, and some companies slightly reduced corn prices. The arrival of deep-processing companies in Henan was average, and prices were raised. Before the wheat harvest, the grassroots grain points sold goods for cash, but the overall supply pressure was not great. The cost side of ethanol was affected by favorable factors.
On the supply side, the 100,000-ton annual production unit of Dongfeng in Jilin, the 120,000-ton annual production unit of Chengde Mountain Resort in Hebei, the 300,000-ton annual production unit of Jinyimeng in Shandong, and the 150,000-ton annual production unit of Dongcheng in Jiangsu were shut down; the 300,000-ton annual production units of SDIC Tieling, SDIC Hailun, and SDIC Jidong were shut down for maintenance; the 500,000-ton annual production unit of Jufeng in Liaoyuan was shut down for a long time. Hongzhan Laha line resumed feeding after a short stop. It is difficult for major positive factors to emerge on the ethanol supply side.
On the demand side, from the demand side, the demand for liquor did not fluctuate much, and there was a rigid demand for replenishment in some downstream chemical industries. The short-term ethanol demand side was generally affected.
Forecast for the future market, the supply is stable, the cost pressure still exists, and the willingness of enterprises to support prices is obvious, and the ethanol price may remain. In the short term, the domestic ethanol market will be consolidated.
Post time: May-19-2025