For the Quarter Ending March 2021
North America
In North America, the price of Ethanol surged due to
production cuts and high demand from the domestic consumers as well as for
exports. Ethanol prices skyrocketed during Q1 2021 as an effect of low
feedstock corn availability. Furthermore, winter season disrupted the
production activity across the gulf coast that led several production plants to
face unplanned shutdowns during January-February. In addition, USA exports
skyrocketed due to sudden rise in export demand from China.
Asia
In the Asian markets, overall demand for Ethanol remained
firm from the downstream sectors during Q1 2021. In China, demand from the
disinfectant sector-maintained stability over the prior quarter. Furthermore,
to satisfy this demand, China imported a huge quantity of Ethanol from the US.
In addition, feedstock corn prices in China were 35-45% high. Meanwhile, in the
Indian market, heavy availability of feedstock sugarcane pushing down the
prices of Ethanol for 3 months consecutively, CFR India prices of Ethanol
settled down from USD 883.2 per MT (January 2021) to USD 750 per MT (March
2021).
Europe
Limited supply for Ethanol across the region supported its
prices during Q1 2021. Though Europe is largely depending upon Ethanol imports
from USA, tight supply kept a tab on the product availability. The supply from
USA remained low due to low feedstock production and high exports and domestic
demand in the country. Meanwhile the demand from disinfectant or sanitizers
manufacturers remained stable throughout the quarter.
Market Overview: https://www.chemanalyst.com/Pricing-data/ethanol--13
Ethanol is a flammable and volatile organic chemical
compound. It can be produced by a bio route as well as by a petrochemical
route. In a petrochemical process, it is produced by hydration of Ethylene
while the natural process involves the fermentation of sugar. Although, Ethanol
is a major compound found in alcohol beverages but the product in its pure form
is highly unfit for human consumption. Owing to its high solubility in water
and ideal disinfectant properties, Ethanol can be utilized as a solvent in
cleaning products, sanitizers and paints and varnishes. Ethanol is widely demanded
in industries as a fuel as it efficiently supplies the required oxygen to fuel
along with reducing excess emissions. It also enhances the octane number in
fuel resulting in a longer life of engine. Ethanol is also widely utilized as
an intoxicating ingredient in alcohol and thus constitutes vivid demand from
the alcohol and beverages industry.
Product Specific Details
CAS No.: 64-17-5; HS Code: 22072000; Grades:
Pure/absolute, denatured, industrial; Packaging Size: Tanker/Drum; Incoterms:
CFR, FOB, Ex-Works, Bulk Contracted, Spot
Countries Covered:
APAC – China, Japan, India, South Korea, Singapore
Europe – Germany, France, Belgium
America – USA, Brazil
MEA – Saudi Arabia, UAE, South Africa
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Related Report:
Global Ethanol Market Analysis: Plant Capacity,
Production, Operating Efficiency, Technology, Demand & Supply, End-User
Industries, Distribution Channel, Regional Demand, 2015-2030
https://www.chemanalyst.com/industry-report/ethanol-market-594
About Us:
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