February 13th News On February 13th, the price of corn futures, a key raw material for ethanol, once again exceeded 2,300 yuan per ton. Deep-processing enterprises continued to adjust prices before the holiday, with high ethanol raw material costs in Northeast China providing strong support. Chempricehub Analysis: Corn Bull-Bear Score: 1.5 The article indicates that corn futures prices have once again surpassed 2,300 yuan per ton. Combined with recent futures data (e.g., Contract 2603 closing at 2,303 yuan/ton, up 20 points; Contract 2605 closing at 2,320 yuan/ton, up 18 points), this reflects a sustained upward trend. The pre-holiday price adjustments by deep-processing enterprises and the high ethanol raw material costs in Northeast China reinforce demand expectations, benefiting both spot and futures prices for corn. Driven by cost factors, spot prices may rise further. The increase in futures contract open interest (e.g., Contract 2605 open interest at 1,220,455 lots, up 45,782 lots) reflects bullish market sentiment. Ethanol Bull-Bear Score: 1 The rising price of corn, a primary raw material for ethanol, has significantly increased production costs. The continuous pre-holiday price adjustments by deep-processing enterprises indicate that cost pressures are being passed down to downstream products. Supported by high corn costs, ethanol spot prices may face upward pressure. Although there is no direct futures data, the raw material cost-driven factors are favorable for the ethanol spot market, with prices expected to remain stable or rise slightly in the short term.