December 25th News — According to customs data statistics, China's imports of unmodified ethanol in November 2025 reached 552.165 tons, representing a month-on-month increase of 61.92%. The average import price was $625.77 per ton, with the largest import volume coming from Indonesia at 546.75 tons, at an average price of $490.25 per ton.

Chempricehub Analysis of Ethanol — Bull-Bear Score: -1.5
The article indicates that China's imports of unmodified ethanol in November 2025 reached 552.165 tons, a month-on-month increase of 61.92%, suggesting a significant rise in supply that may exert downward pressure on spot prices. The average import price was $625.77 per ton, with imports from Indonesia accounting for as much as 99% (546.75 tons) of the total volume, at an average price of only $490.25 per ton. This low-cost import source further reinforces expectations of market oversupply, putting downward pressure on domestic ethanol prices. Combined with recent contract data for ethanol futures, the expectation of increased supply may trigger a decline in futures prices, strengthening the bearish trend. Therefore, the score is -1.5, indicating a relatively strong bearish impact.