China’s domestic ethanol market remained stable on June 18

Price Trend

According to the monitoring data of business associations, as of June 18, the average price of domestic ethanol market was 5370 yuan/ton, and the domestic ethanol market was stable.

Sulfamic acid 

II. Market Analysis

Products: The domestic alcohol market is stable. In Northeast China, there are few large orders, high-end prices are under pressure, and many low-end prices are traded; Henan is under the influence of inventory pressure, and the market price is weak to sort out; the alcohol market in North Jiangsu is stable in East China, and Dongcheng has ignited this week, with light downstream demand; the quotation of enterprises in South China and Guangxi is stable, and the market turnover is concentrated in the middle and low-end, while in Guangdong. Enterprise quotation is high, import supply is near the end, downstream demand is flat.

sulphamic acid

Industry chain: Maize: The general trend of maize market is still bullish in the near future. The probability of short-term surge is still lack 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: The domestic market of ethyl acetate is weak, and the supply of goods in North China is accumulating constantly, and traders and terminals are buying actively in the early stage, leading to the recent market transaction is not smooth, part of the transaction negotiations are dominant, and the market is gradually stable and weakening; East China market is abundant in supply, experiencing a continuous increase in the early stage, traders and terminal factories have no intention to buy high-price ethyl acetate, and the holders have no intention to buy high-price ethyl acetate. Under the pressure of shipment, the transaction price is gradually lowered; after the previous period of continuous rise in South China, the terminal and traders have no purchase intention for high-price ethyl acetate, and the transaction price is gradually lowered when the shipment of the holder is not smooth.

3. Future Market Forecast

Sulfamic acid 99.50%

In the latter part of the market, it is expected that the market will continue to weaken, mainly due to the downstream demand into the off-season, the demand for liquor and chemical industry is light. At present, the inventory of enterprises is high, and there is a possibility of a downward trend in the short term under the subsequent inventory pressure. In the following July, enterprises in Northeast China have maintenance plans. Ethanol analysts at business associations expect liquor companies to have a relatively strong downward mentality, or other regions may follow the adjustment.