Price trend

According to the monitoring of SunSirs, the price of domestic corn starch in January was generally stable and stronger. The average price of edible grade I corn starch on January 1 was 3,128.00 RMB/ton, and the average price on January 31 was 3,164.00 RMB/ton, up 1.15% in the month.

Analysis review

After the New Year's Day, the price of domestic corn market rose slightly, the cost of raw materials rose slightly, and the supporting role increased. In addition, the demand for starch rose slightly at the end of the year. With the support of cost and demand, the price of domestic corn starch market rose slightly.

During the Spring Festival, the domestic corn starch trade basically stopped, the market price of corn starch generally kept stable, the overall operating rate of enterprises after the festival was low, the domestic starch inventory fell slightly, the market supply fell slightly, and the domestic corn starch market price rose slightly.

Market outlook

The corn starch product analyst of SunSirs believes that in the short term, the domestic corn starch market price will continue to be strong under the support of demand. With the full resumption of production by the manufacturer, the domestic corn starch market price will continue to follow the domestic corn price fluctuations after the starch inventory has been replenished.

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