On January 30, Henan Hanyong's 500,000-ton-per-year ethanol plant commenced production, with the price of premium-grade ethanol rising by 350 yuan per ton, and the quoted price for premium-grade ethanol reaching 5,600 yuan per ton. PriceSeek's analysis of ethanol shows a bullish-bearish score of 2. The article indicates that Henan Hanyong's ethanol plant is in operation, and the price of premium-grade ethanol has surged significantly by 350 yuan per ton to 5,600 yuan per ton, suggesting strong market demand or tight supply. This notable increase is likely driven by rising demand from downstream chemical or fuel sectors, which constitutes a significant positive factor for spot ethanol prices. It is anticipated that prices will maintain an upward trend in the short term.
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