On February 9, the landed price of modified ethanol in Brazil, inclusive of taxes, was 9,885 yuan per ton, a decrease of 33 yuan per ton. PriceSeek analysis of ethanol, long-short score: -1. The landed price of modified ethanol in Brazil, inclusive of taxes, fell by 33 yuan per ton, dropping from 9,885 yuan per ton to a new level, indicating increased supply or weak demand, which exerts downward pressure on the spot price of ethanol. This decline reflects a short-term surplus in the ethanol market, likely due to rising production in Brazil or lower import costs. It is expected that spot prices will face downward pressure in the short term.