According to the Commodity Market Analysis System of Shengyi Society, from October 1st to 31st, the average price of domestic ethanol producers narrowly fell from 5560 yuan/ton to 5304 yuan/ton, with a price drop of 4.61% during the period and a year-on-year price drop of 4.85%.

In the first half of the month, the price of raw corn decreased significantly, and after the holiday, some areas saw an increase in plant construction. Downstream urgent needs were replenished, resulting in low transaction prices. The domestic ethanol market price fell significantly. In mid month, the ethanol market continued to be weak, with raw material corn prices continuing to rise and cost support improving. But the overall supply continues to increase, and downstream demand for replenishment is urgent, mainly consuming previous inventory. At the end of the month, the supply increased, factories maintained normal operation, downstream consumption was not high, transactions were limited, and prices fell again.
In terms of cost, corn prices continue to operate steadily with a moderate to strong trend. The morning delivery volume of Shandong deep processing enterprises remains low, and the pressure on the supply of tidal grain in the early stage has weakened. Each enterprise can flexibly adjust according to its own situation. Prices in the Henan region have also slightly increased. The prices of deep processing enterprises in Hebei have been reduced narrowly, while the prices at the grassroots level have remained stable. The cost of ethanol is influenced by bearish factors.
On the supply side, Hongzhan Plant 4 is operating at full capacity, Wanli Plant is operating at full capacity, COFCO Zhaodong Fuel Ethanol has resumed production, Jilin Fukang Plant 3 and 4 are operating at full capacity, and Guotou Jidong, Tieling, and Hailun Plants are operating normally. The early maintenance equipment has been gradually restored, but the ethanol supply side is affected by unfavorable factors.
On the demand side, from the perspective of demand, merchants are more active in shipping, while downstream companies are cautious and cautious, replenishing appropriately according to demand. The overall trading atmosphere is average. Negative factors affecting ethanol demand.
The future forecast shows that the production of enterprise equipment is stable, the demand is limited, and the price stability is weak. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will be weak and consolidating.