According to the Commodity Market Analysis System of Shengyi Society, from June 2nd to 6th, the domestic ethanol price rose to 5447 yuan/ton, with a month on month increase of 3.49% and a year-on-year decrease of 9.51%. Domestic ethanol market prices remain stable and organized. Most regions have stable quotes from enterprises, with a focus on first-time transactions.

In terms of cost, the market corn prices continue to operate steadily. There has been no significant change in the quotations of port traders, and the new season wheat continues to be listed. Enterprises are paying more attention to the price of wheat, and wheat and corn are basically priced the same in some feed factories. The substitution advantage of wheat is significant. The cost of ethanol is influenced by bearish factors.
There are unlikely to be significant favorable factors in the supply of ethanol.
On the demand side, from the demand side, the demand for Baijiu fluctuates little, and the downstream stock of chemical industry needs to be replenished. The short-term demand for ethanol has a moderate impact.
In the future forecast, the market supply will increase due to the recovery of Hongzhan Jixian equipment, and the supply of fermented ethanol will increase, while the demand will basically maintain basic demand. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.