April 24 News – On April 24, Henan Hanyong's 500,000-ton/year ethanol unit is operating normally. The premium-grade ethanol price has been reduced by 30 RMB/ton, with the current price standing at 5,750 RMB/ton. Chempricehub assesses the ethanol market with a bullish/bearish rating of -1. The normal operation of Henan Hanyong's 500,000-ton/year ethanol unit, coupled with a 30 RMB/ton reduction in the premium-grade ethanol price to 5,750 RMB/ton, suggests ample market supply or weak demand, exerting downward pressure on ethanol spot prices. A rating of -1 indicates a generally bearish impact, as the price decline, while significant, is not severe in magnitude.