According to the commodity market analysis system of Business Society, from February 2nd to 6th, the domestic ethanol price rose to 54,113 yuan per ton, marking a 0.19% increase within the cycle, a 0.32% decrease month-on-month, and a 5.37% increase year-on-year. The domestic ethanol market experienced a slight upward trend, with minor variations across different regions. Driven by rising raw material costs, domestic ethanol manufacturers have increased their quotations.

From the cost perspective, in terms of bio-fermented ethanol, the sustained high price of raw material corn provides strong cost support. Additionally, significant pre-holiday stocking demand from downstream chemical enterprises and intermediaries has jointly driven up prices. The cost side of ethanol presents favorable factors.

On the supply side, major factories in Northeast China have generally reduced production. For example, Heilongjiang Hongzhan has notably decreased its production load, with the overall operating rate of its four factories dropping to approximately 40%. The supply side of ethanol is influenced by favorable factors.

On the demand side, downstream sectors and intermediaries have actively stocked up ahead of the holiday, while rigid demand from the chemical industry remains stable. Driven by the sentiment of "buying on the rise rather than on the decline," market transactions have been active. The tight delivery schedules of factories have further strengthened market expectations of price increases, providing support for the upward price trend. The demand side of ethanol is also influenced by favorable factors.

Looking ahead, cost-side support remains evident, with factories maintaining low operating rates. Coupled with post-holiday restocking demand from downstream sectors, ethanol analysts at Business Society predict that the short-term ethanol market will primarily consolidate and observe.