1、 Price trend
As of March 10, the average price of domestic ethanol market was 5375 yuan / ton, down 2.63% month on month and 0.15% year-on-year, according to the monitoring data of business agency. The domestic ethanol market fell significantly.
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2、 Market analysis
Product: this week, the domestic alcohol market dropped significantly. The price of Henan Province is slightly higher this week, because the inventory of enterprises in Henan Province is not high, the enterprises raise the offer, the contract order continues, and the new order carries out the new price, which has little change compared with the same period last week; the price in northeast Jilin Province falls, the downstream demand is weak, and the market transaction is weak; the price in East China is weak, and the shipment is general, and some customers in East China purchase locally after the price increase in Henan Province However, the current price is close to the cost line, and there is little room for market price reduction; the market delivery pressure of enterprises in Yunnan is too high, the downstream recovery is slow, and the overall trading atmosphere is weak.
Industry chain: corn: domestic corn spot prices rose and fell, while Changchun rose slightly, while Weifang fell. The increase of purchasing entities in Northeast China and the opening of warehouses directly under the central government’s Grain Reserve play a supporting role in the spot price of corn. However, the rise of corn price in Northeast China has not led to the continuous rise of spot corn price in Shandong Province. With the increase of arrival in Shandong Province, the purchase price of corn of most grain consuming enterprises has declined significantly, and it is expected that the price fluctuation in North China will become normal in the short term. At present, the logistics transportation affected by the epidemic is gradually recovering. With the increase of temperature, the progress of grain sales at the grass-roots level has been accelerated. In the future, the progress of grain sales at the grass-roots level and the recovery of logistics transportation will be continuously concerned.
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Ethyl acetate: the weakness of domestic ethyl acetate market continued this week. The continuous drop of raw acetic acid gave ethyl acetate profit space, and the market of ethyl acetate itself had no power. The trend mainly followed the fluctuation of raw acetic acid, leading to the widespread bearish sentiment of all parties in the market. In East China and North China markets, suppliers made stable offers at the beginning of each week, and the market transactions continued to be rational. With the gradual accumulation of inventory of individual enterprises, the South China market dropped significantly this week, and the local cargo supply was sufficient. Due to the slow recovery of the downstream terminals, the substantial demand for ethyl acetate was low, and the carriers were forced to compete to reduce the price of shipments, which promoted the market transactions to fall, and the price fell this week Hanging is serious. The short-term domestic ethyl acetate Market is difficult to alleviate the negative situation. With the recovery of the downstream, the competition between suppliers continues. It is expected that the short-term East China and North China markets will still fall, and the high-end South China market will mainly fall.
3、 Future forecast
Business alcohol analysts expect the short-term domestic ethanol market to consolidate operation, waiting for the downstream resumption of work.
| POLYVINYL ALCOHOL |