The domestic ethyl alcohol market continued to rise last week. According to the sample data monitored by SunSirs, the domestic ethyl alcohol market price on October 12 was 6,375 RMB/ton, and the domestic butadiene market price was 6,525 RMB/ton on October 16. The increase was 2.35%, the price increased by 5.45% month-on-month, and the price increased by 20.83% year-on-year. The main reasons are: the rising price of raw corn, the decrease of social inventories for equipment maintenance in some enterprises, and the insufficient stocking of some downstream equipment before the holiday to purchase again after the holiday. In terms of market, as of the 19th, the domestic ethyl alcohol market in East China and Northeast China went up; the ethyl alcohol market in Northeast China, East China and Shandong went up; the ethyl alcohol market in Henan was stable; the molasses ethyl alcohol market in Guangxi went up.

The price of raw materials is high, and there is a possibility of rising under the influence of not much spot in the market, but the current price is high, and the downstream is more resistant to excessive prices. SunSirs ethyl alcohol analysts predict that this week, the domestic ethyl alcohol market will fluctuate at a high level.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.