Price trend

According to the sample data monitored by SunSirs, the price of domestic ethyl alcohol market rose from November 25 to December 2. At the beginning of the week, the average price of ethyl alcohol of domestic ethyl alcohol producers remained at 6,687 RMB/ton, and at the weekend, it reached 6,825 RMB/ton. The price rose 2.06% within the week, and up 1.11% month on month, and down 2.67% year on year.

Analysis review

The price of domestic ethyl alcohol market rose by a narrow margin, and the rising price of raw corn drove the ethyl alcohol market. At the same time, the main production units in Northeast China were reducing the load of production, and the operating load was maintained at 58% - 60%. The supply was reduced, the market inventory pressure was weakened, the chemical demand remained just in demand, the demand for Baijiu recovered, and the demand showed some favorable factors.

In terms of raw materials and costs, SunSirs monitored that the domestic corn market price continued to rise, rising 0.64% from the price of 2,851 RMB/ton at the beginning of the week to 2,867 RMB/ton at the end of the week.

From the perspective of downstream products, the price of ethyl acetate in the downstream fell, and the market was in a stalemate when the pressure of supply and demand was difficult to ease. SunSirs monitored that the price of ethyl acetate remained at 6,766 RMB/ton at the beginning of the week, and fell to 6,750 RMB/ton at the weekend, with a price drop of 0.24% during the cycle.

Market outlook

The raw material cost support was strong, and the factory mainly drove up the price. The demand for Baijiu had improved, the demand sides had warmed up, and the market supported price and provided support. The ethyl alcohol analysts of SunSirs predicted that the domestic ethyl alcohol market would remain at a high level in the short term.

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