March 2 News: On March 2, Guanxian Xinrui Group's 80,000-ton/year edible wheat alcohol plant is operating at a daily production rate of approximately 200 tons. The price of standard-grade ethanol has increased by 50 yuan/ton, with the standard-grade ethanol price set at 5,450 yuan/ton, premium-grade ethanol at 5,500 yuan/ton, and DDGS at 2,000 yuan/ton. Ethanol transactions are driven by rigid demand.
Chempricehub Analysis:
Ethanol, Bull-Bear Score: 1
The ethanol price has increased by 50 yuan/ton, with the standard-grade price set at 5,450 yuan/ton and the premium-grade at 5,500 yuan/ton. Transactions are driven by rigid demand, indicating tight market supply or strong consumption, which is favorable for spot prices.
DDGS, Bull-Bear Score: 0
The DDGS price is reported at 2,000 yuan/ton, with no significant changes. As a by-product of ethanol production, the supply and demand remain stable, having a neutral impact on spot prices.