China's Ethyl Alcohol market is stable

The domestic Ethyl Alcohol market has been reorganized and operated, and the regional Ethanol market has been running smoothly. In terms of raw materials, corn prices fluctuated slightly. From the demand point of view, the domestic Ethyl Acetate Market slightly weakened. The overall price of Acetic Acid on the raw material side fell. The lack of demand in the Ethyl Acetate Market aggravated the bearish attitude of the terminal. There was a shortage of new orders in the market. Some Ethyl Acetate factories mainly negotiated preferential delivery, and the new orders in the market were concentrated at the low end. Raw material Acetic Acid price still has downward space, Ethyl Acetate itself lack of demand, market passively follow weak.

The supply and demand of the market is unbalanced, and the price of raw materials is low. Although there are many enterprises overhauling, it is still difficult to boost the Ethyl Alcohol market due to insufficient demand. It is expected that in the short term, the domestic Ethanol market will be weak.