October 21 report:
[Key Takeaway] In the short term, ethanol is trading in a narrow range at elevated levels. Export demand provides support, but overseas price pressures cap upside potential, leaving limited room for further gains.
The latest available data is up to October 20, 2026, and it is recommended to refer to real-time data.
1. Average Difference Variation Table
| Mean Difference Indicator | Value as of 2026-10-20 | Value as of 2026-10-19 | Direction of Change |
|---|---|---|---|
| 5-Day Mean Difference (D5) | 0.00 | 0.00 | Unchanged |
| 10-Day Mean Difference (D10) | 0.00 | 0.00 | Unchanged |
| 20-Day Mean Difference (D20) | 12.22 | 13.72 | - |
2. Signal Status Judgment
The current situation is a consolidation (no clear direction) signal, with no unilateral upward/downward drivers in China.
3. Trend Direction Conclusion
The short-term trend is characterized by narrow-range fluctuations at elevated levels. The rationale: the three moving averages showed inconsistent directional changes compared to the previous day, failing to meet the criteria for a clear bullish or bearish signal; meanwhile, September ethanol export volumes rose 21.97% month-on-month, bolstering demand, and manufacturers in the Jiangsu region raised their quoted prices. However, a slight decline in overseas ethanol import prices capped the upward pressure on domestic prices, resulting in very limited overall volatility.
4. Position and Spatial Reference
Over the 60-day and 3-month cycles, prices are in the fifth tier (the upper range), leaving limited room for further gains; over the 1-year cycle, prices are in the third tier (the middle range), with some support below and limited downside.
5. Trend Chart Display
6. Risk Warning
The above analysis is for reference only and does not constitute trading advice.
