Price trend
The domestic ethyl alcohol market consolidated within a narrow range. According to the monitoring of SunSirs, the domestic ethyl alcohol market price at the beginning of the week was 6,100 RMB/ton, and the domestic ethyl alcohol market price at the weekend was 6,050 RMB/ton. The price fell slightly during the week by 0.82%, and the price was 2.22% lower than the same period last month. Compared to the same period last year, the price rose 12.54%.
Analysis review
The domestic ethyl alcohol market was mixed this week. First of all, from the perspective of the raw corn market, the price of raw corn at this auction was high, but the transaction rate was only 33%. Most of the auctions were unsuccessful, and downstream demand was not ideal; secondly, individual production companies in Henan were shut down and corporate inventories were low; Third, from the perspective of demand, the demand for downstream liquor has increased slightly, but other aspects of demand are still insufficient. Therefore, the current ethyl alcohol market is narrowly consolidated.
Logistics: The current freight rate is stable. This week, the freight rate of Heilongjiang-Shandong Dezhou is 280 RMB/ton, Heilongjiang-Jiangsu 330 RMB/ton, Anhui-Nanchang 250 RMB/ton, Henan-Sichuan 500 RMB/ton, Guangxi Qinzhou-Guangdong Dongguan 160-220 RMB/ton. The above prices are without invoice.
In terms of raw materials, corn: According to the monitoring of the business agency, the domestic corn price surged and fell back in August. The average price of third-grade yellow corn was 2,237.14 RMB/ton on August 1, and the average price on August 31 was 2,244.29 RMB/ton, a slight increase of 0.32%. It will take time for the new season corn to go on the market. The policy corn will continue to be supplied to the market, and the domestic corn market price will continue to be affected by the policy. The corn export price will gradually fall to a reasonable range.
Ethyl acetate: The domestic ethyl acetate market rose overall this week. Recently, the export volume of ethyl acetate has shown an increasing trend. Manufacturers such as Anhui Ruibai and Jiangsu Thorpe have prepared for export, gradually alleviating the oversupply situation of ethyl acetate in the market. The downstream is active in purchasing ethyl acetate after the rise. Under the condition of smooth market transactions, the ethyl acetate market is optimistic after the rise.
Market outlook
Looking at the market outlook, the ethyl alcohol analysts of SunSirs predict that the domestic ethyl alcohol market will consolidate in the short term.
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