February 3rd News On February 3rd, the 500,000-ton-per-year ethanol plant of Henan Hanyong was in operation. The price of premium-grade ethanol decreased by 10 yuan per ton, with the quoted price at 5,450 yuan per ton. Chempricehub Analysis of Ethanol Bull-Bear Score: -1 The article reports that the 500,000-ton-per-year ethanol plant of Henan Hanyong is operating normally, with the price of premium-grade ethanol dropping by 10 yuan per ton to 5,450 yuan per ton. This indicates ample market supply or weak demand, exerting a bearish impact on the spot price of ethanol. The price decline is relatively minor (approximately 0.18%) and does not reach the level of a significant event, thus scoring as a general bearish factor (-1). The analysis is based on spot market data, and the downward price trend may reflect increased inventory or weakening consumption, suggesting a potential continuation of short-term weakness.