March 23rd News: On March 23rd, ethanol market prices in Shandong rose, with downstream chemical industries making necessary purchases. Current prices are as follows: cassava-based regular grade at 5900-5950 RMB/ton, cassava-based anhydrous at 6400-6450 RMB/ton, wheat-based regular grade at 5850-5900 RMB/ton, and wheat-based premium grade at 5900-5950 RMB/ton.

Chempricehub Analysis on Ethanol, Bull-Bear Score: 1
The increase in ethanol market prices, driven by necessary purchases from downstream chemical industries, indicates stable and growing demand alongside potentially tight supply, which is favorable for spot prices. Specifically, prices for cassava-based regular grade, cassava-based anhydrous, wheat-based regular grade, and wheat-based premium grade all show an upward trend, reflecting an overall improvement in market supply and demand dynamics. This supports a short-term bullish outlook for ethanol spot prices, though attention should be paid to whether future supply changes continue to align with demand.