March 11th News — On March 11th, ethanol market prices in Shandong remained stable with a slight upward trend. Cassava-based ethanol producers raised their quotations by 100 yuan/ton, while wheat-based ethanol prices remained steady. Downstream chemical industries maintained rigid demand purchases. Current prices are as follows: cassava-based regular-grade ethanol at 5800–5850 yuan/ton, cassava-based anhydrous ethanol at 6300–6350 yuan/ton, wheat-based regular-grade ethanol at 5650–5700 yuan/ton, and wheat-based premium-grade ethanol at 5700–5750 yuan/ton.

Chempricehub Analysis on Ethanol — Bull-Bear Score: +1
The report indicates that ethanol market prices in Shandong are generally stable with a slight upward bias. Cassava-based ethanol producers raised their quotations by 100 yuan/ton (current cassava-based regular-grade ethanol at 5800–5850 yuan/ton, anhydrous ethanol at 6300–6350 yuan/ton), suggesting cost support from the supply side or a slight increase in demand. Meanwhile, wheat-based ethanol prices remained stable (regular-grade at 5650–5700 yuan/ton, premium-grade at 5700–5750 yuan/ton), with downstream chemical industries providing stable demand support through rigid purchases.

Overall analysis: The price increase in cassava-based ethanol signals a bullish trend, driving short-term spot price gains. However, the increase is limited, and wheat-based ethanol remains neutral, resulting in a mild bullish rating of +1.