According to the Commodity Market Analysis System of Shengyi Society, from October 13th to 17th, the domestic ethanol price was 5550 yuan/ton, a month on month decrease of 1.46% and a year-on-year decrease of 0.54%. The price of raw corn has significantly decreased, with some areas experiencing an increase in plant production after the holiday. Downstream demand for replenishment has also increased, resulting in low transaction prices. The price of ethanol in the domestic market has also dropped significantly.

On the cost side, corn prices continue to show a weak trend overall. Many areas in North China have once again experienced rainy weather, with most grassroots grain points in a state of suspended harvesting, and market purchases and sales being sluggish,. The cost of ethanol is influenced by bearish factors.
On the supply side, multiple previously shut down enterprises have recently produced by-products, and the ethanol supply side is affected by negative factors.
On the demand side, downstream procurement is mainly based on demand. Negative factors affecting ethanol demand.
Market forecast shows an increase in supply and a need for recovery in demand. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will be mainly weak.