According to the Commodity Market Analysis System of Shengyi Society, from April 7th to 11th, the domestic ethanol price rose from 5262 yuan/ton to 5270 yuan/ton, an increase of 0.14% during the cycle and a year-on-year decrease of 12.17%. The market price of edible ethanol fluctuates weakly, and there is not much inventory pressure on the supply side of the alcohol market. With the continuous strong operation of raw material corn prices, there is a significant cost loss. Poor support on the demand side, with rigid demand transactions being the main focus.
In terms of cost, corn prices have remained firm, and traders’ intention to sell at low prices is slightly average. The market’s purchasing and sales activity is not high. The cost support for ethanol remains strong.

On the supply side, the supply side is running steadily, and some units in East China, Shandong, South China, and other regions are still in a shutdown state. The restart time is yet to be determined. There are unlikely to be major favorable factors in the supply of ethanol.
On the demand side, from the demand side, Baijiu consumption support is limited; The operating rates of downstream methyl ethyl carbonate and ethyl acetate do not change significantly, and their consumption of ethanol remains stable; Other downstream chemical industries are accompanied by regular procurement, with a focus on stocking up for essential needs, resulting in limited demand boost. The short-term demand for ethanol has a moderate impact.
In the future forecast, there will be little inventory pressure on the supply side of the alcohol market, and with the continuous strong operation of raw material corn prices, there will be significant cost losses. Poor support on the demand side, with rigid demand transactions being the main focus. Business Society’s ethanol analyst predicts that the domestic ethanol market will consolidate and operate in the short term.