Sorting of ethanol market

According to the monitoring of the Business News Agency, the domestic ethanol market was sorted and operated. On February 27 and March 3, the domestic ethanol price kept rising from 7192 yuan/ton to 7200 yuan/ton, up 0.10% in the cycle, down 0.59% month-on-month, and up 3.60% year on year. The quotation of production enterprises is mainly in line with the market, but the unit operating rate is stable, the inventory is constantly overstocked, the demand is weak, and the ethanol market is expected to be empty.

 

POLYVINYL ALCOHOL

On the cost side, the business cooperative monitored the low price of domestic corn market. On March 3, the benchmark price of the business cooperative corn was 2808.57 yuan/ton. With the comprehensive recovery of corn trade in the production area, the market volume of corn has recovered again. After the corn stock of the port and downstream deep processing enterprises has been replenished to some extent, the purchase price of corn has been continuously reduced. In the recent months, the domestic corn market price has been operating weakly as a whole.

 

On the supply side, the starting load of the overall ethanol market this week was stable, the main plant unit was operating at high load, the on-site supply was increased, and some units in northern Jiangsu were operating at low load, the overall on-site supply was stable, the Guannan unit was shut down, the Jinchanglin unit was shut down, and the Changxing and Meibohui units in southern Jiangsu were started. The negative impact of ethanol supply side increased.

 

On the demand side, the chemical industry just needs to purchase, and the demand for Baijiu has increased slightly. The short-term demand for ethanol is slightly positive.

 

According to the aftermarket forecast, the cost support is insufficient, and the downstream demand is mainly rigid. Ethanol analysts of the Business News Agency predicted that the domestic ethanol market was weak in the short term.

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