On February 9, the duty-paid delivered price of modified ethanol in the United States was 7,995 yuan per ton, down 156 yuan per ton. PriceSeek's analysis of ethanol shows a long-short rating of -1. The duty-paid delivered price of modified ethanol in the United States fell by 156 yuan per ton to 7,995 yuan per ton, a decline of approximately 1.95%, indicating ample market supply or weak demand, which exerts downward pressure on spot ethanol prices. This may be attributed to increased inventories or reduced consumption in the United States. It is expected that trading sentiment in the spot market will remain bearish in the short term, potentially leading to a decrease in procurement activities.
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