According to the Commodity Market Analysis System of Shengyi Society, from August 4th to 7th, the domestic ethanol price fell to 5660 yuan/ton, with a price drop of 0.29% during the period, a price increase of 0.14% month on month, and a year-on-year decrease of 5.78%. The domestic ethanol market prices are running weakly, with limited overall market transactions and a decrease in factory quotes.

In terms of cost, the spot price of corn is still mainly running weakly. With the downward adjustment of futures prices, the overall buying and selling atmosphere in the market is biased, and the shipping enthusiasm of traders in production areas has slightly increased, but the downstream buying enthusiasm is slightly average. The cost of ethanol is influenced by bearish factors.
On the supply side, there is not much fluctuation in the production of edible ethanol, and the increase in supply is greater than the decrease. The Wanli unit has returned to normal, the Hongzhanlaha anhydrous unit has been restored, the Fukang unit has been restored, the Yushu unit has been completely shut down, and the Shandong Qufeng unit has been completely shut down; Other facilities in East China are operating stably, while the COFCO facility in Guangxi, South China, is shut down. The impact of ethanol supply is mixed.
On the demand side, from the demand side, most Baijiu factories in some regions have been shut down, with limited transactions, mostly for chemical consumption. Negative factors affecting ethanol demand.
Market forecast: Factory quotations remain stable, transactions are at a low level, and shipments at high prices are not smooth. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will mainly operate weakly.