According to the Commodity Market Analysis System of Shengyi Society, from September 1st to 5th, the domestic ethanol price fell to 5563 yuan/ton, with a price drop of 0.29% during the period, a month on month drop of 1.71%, and a year-on-year drop of 6.41%. Multiple negative factors have suppressed the domestic ethanol market prices, with significant declines in the Northeast region.

On the cost side, the price of raw material corn has shown a regional continuous weakening trend, which has a significant negative impact on the production cost of ethanol. The cost of ethanol is influenced by bearish factors.
On the supply side, with the resumption of early parking and maintenance equipment production in the Northeast region, the overall market supply has increased. The impact of ethanol supply is mixed.
On the demand side, the demand side presents a differentiation pattern: the chemical downstream industry has recently seen production reduction or delayed commencement, while the demand of the Baijiu industry has maintained a moderate growth trend. In addition, due to logistics control measures in some regions, the efficiency of product transportation and delivery is limited to a certain extent. Negative factors affecting ethanol demand.
The future forecast shows that the supply side continues to increase, but there is no significant improvement in demand. The ethanol analyst from Shengyi Society predicts that the short-term ethanol market will continue to operate weakly.