April 1 News: The 100,000-ton-per-year fermentation ethanol unit at Guannan Xinnian commenced maintenance on October 20, 2025, and is currently still under repair. Chempricehub Analysis on Ethanol, Bull-Bear Score: 1. The unit has been under continuous maintenance since October 2025, resulting in a reduction of 100,000 tons of annual ethanol supply, tightening market availability, and supporting spot price increases. Scoring Rationale: Supply shortage provides support for prices, constituting a moderate bullish factor (+1).