From June 16 to 20, the domestic ethanol price rose by 0.49% within the cycle, up 2.08% from the previous month and down 9.25% from the previous year. The raw material corn in some regions was supported at a high level, while some enterprises in the main production areas stopped production for maintenance. Ethanol production enterprises were clearly willing to maintain prices and were reluctant to sell at low prices, resulting in an increase in transaction prices.
On the cost side, corn traders in major producing areas are optimistic, inventories are relatively low, and quotations are relatively strong. Ethanol costs are affected by favorable factors.
On the supply side, Heilongjiang Wanli Runda’s edible equipment was shut down, and Heilongjiang Hongzhan’s Laha fuel and anhydrous equipment was shut down. Sichuan Hongzhan’s equipment was put into production. The ethanol supply side was affected by favorable factors.
On the demand side, from the demand side, the downstream liquor and chemical end entered the traditional off-season, and the consumption end is expected to decrease slightly, and the downstream chemical just-needed purchase transaction price increased. In the short term, the ethanol demand side was affected by favorable factors.
Forecast for the future market, cost benefits will continue to support the high operation of ethanol prices. In the short term, the domestic ethanol market is running at a high level.
Post time: Jun-23-2025