October 19th, according to reports
[Key Takeaway] Ethanol is likely to remain in a choppy, consolidating range in the short term. With supply and demand forces locked in a tug-of-war and prices at a relatively high level, there is little momentum for either sharp gains or losses in the near term.
The latest available data is up to October 18, 2026, and it is recommended to refer to real-time data.
1. Average Difference Change Table
| Difference Type | Value on October 18, 2026 | Value on October 17, 2026 | Direction of Change |
|---|---|---|---|
| 5-Day Difference (D5) | 0.00 | 0.00 | No Change |
| 10-Day Difference (D10) | 0.44 | 3.44 | - |
| 20-Day Difference (D20) | 15.06 | 13.84 | + |
2. Signal Status Determination
Volatility (no clear bullish or bearish bias).
3. Trend Direction Conclusion
Volatility. Reason: The three moving averages did not all change in the same direction as the previous day, failing to meet the criteria for a clear upward or downward trend; on the fundamentals front, reduced ethanol plant utilization in East China provides some support to the supply side, but the resumption of operations and rising utilization at facilities in Inner Mongolia and Northeast China have led to a noticeable increase in overall supply. On the import side, Brazilian ethanol prices at arrival have risen while U.S. ethanol prices have fallen, resulting in a neutral impact on imported supply. Downstream demand remains largely rigid, with no significant volume expansion. Amid the interplay of bullish and bearish factors, prices currently lack a clear unidirectional trend.
4. Positional Space Reference
Ethanol prices for the 60-day and 3-month cycles are both in the 5th tier (high), while the 1-year cycle price is in the 3rd tier (medium). The short-term upward potential is limited, with cost support from upstream raw materials, resulting in a relatively narrow fluctuation range.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
