According to the commodity market analysis system, from January 29th to February 4th, the domestic ethanol price fell from 6437 yuan/ton to 6425 yuan/ton, with a weekly price drop of 0.19%, a month on month decrease of 3.20%, and a year-on-year decrease of 11.29%. Many traders have left the market, and there has been little change in the prices quoted by production enterprises. At present, the demand is average, the cost support for ethanol is insufficient, and domestic ethanol prices are weak, resulting in slow shipments.

On the cost side, the domestic corn market continues to be weak. The continued weakness of corn prices has led to an increase in the intention of grain trading entities to liquidate their exports. The domestic corn market supply has continued to be loose, and corn prices continue to operate weakly under pressure. The cost side of ethanol is influenced by bearish factors.

On the supply side, there is a significant difference in the operating rate of production enterprises in different regions, with 25.68% operating in the East China region; 83.12% of construction started in the Northeast region; The operating rate in South China and Southwest China is 23.16%; Short term domestic ethanol production and stable food supply in Northeast China, waiting for news from factories or whether there is a shift in production. Ethanol production in East China remains low in the short term. Coal based ethanol supply is stable. The supply side of ethanol is affected by bearish factors.

On the demand side, most ethyl acetate factories maintain normal production status. Short term recovery of large factory facilities. Baijiu just needs to be purchased. Downstream multi-dimensional holding of essential orders is the main focus, and short-term ethanol demand is mixed.

According to future market forecasts, as the Spring Festival approaches, corn ethanol enterprises in the Northeast region will resume normal production. However, logistics are gradually being closed, and downstream stocking is nearing completion. The market is about to enter a stagnant state. Ethanol analysts from Business Society predict that the short-term domestic ethanol market will be mainly focused on consolidation and observation.