Price Trend
According to the monitoring data of business associations, as of June 4, the average price of domestic ethanol market was 5340 yuan/ton, and the domestic ethanol market maintained a rising trend.
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II. Market Analysis
Products: The domestic alcohol market continues to rise in some areas. The price of corn ethanol in Jilin in Northeast China is running at a high price, the pressure of factory stock is not great, the mentality of executing pre-contract orders remains steady; the alcohol market in North Jiangsu, North Jiangsu, East Jiangsu and North China is narrowly rising, the water-free goods are smoothly moving, the prices continue to rise, and the downstream purchases are on demand; the quotation of enterprises in South China is rising, the actual transaction performance is stable, and the downstream demand is light.
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Industry Chain: Maize: In May, the inventory continued to decline, and the corn trading enterprises still showed a strong reluctance to sell. We predict that the general trend of maize market in the near future is still bullish, the probability of short-term surge is still lacking of foundation, sustained slow rise is still the mainstream performance of the market, and the probability of callback in the near future is low. Maize prices are expected to remain strong for most of June. Ethyl acetate: Ethyl acetate is stable in China, ethyl acetate plant in North China has started to reduce, and most of the production enterprises have lost sales price, the market of ethyl acetate has been rising slightly and market digestion is on the lookout; there is sufficient supply in East China market, and the production enterprises are willing to speculate, but the actual market demand is insufficient, and the market fluctuation of ethyl acetate is limited; there is sufficient supply in the market, and the downstream terminal is rising. After the purchase of ethyl acetate, the enthusiasm faded, and the market shocks were obvious.
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3. Future Market Forecast
Ethanol market wait-and-see sentiment is high. Although most domestic enterprises’prices continue to rise, market turnover is less heard, downstream wait-and-see sentiment is higher, and overall demand is light. Ethanol analysts of business associations predict that the short-term domestic ethanol market will remain high.