According to the Commodity Market Analysis System of SunSirs, the domestic corn starch price rose first and then fell in November, with overall weak fluctuations. On November 1st, the average price of edible grade one corn starch was 3,270.00 RMB/ton, and on November 30th, the average price was 3,256.00 RMB/ton, a decrease of 0.43% within the month.

In November, due to the impact of rainy and snowy weather in many areas, the domestic corn supply has decreased. Downstream deep processing enterprises have slightly increased prices to replenish goods, driving the domestic corn market price to slightly rise. Supported by the rebound in raw material costs, the domestic corn starch market price fluctuated slightly in the first half of the year.

Starting from mid November, as weather factors gradually weaken, the domestic corn market continues to rebound, and the supply-demand game in the corn market continues to intensify. The overall price of the domestic corn market is under pressure and fluctuates weakly, with raw material costs falling again. The domestic corn starch market price also fluctuates slightly and weakly.

The corn starch product analyst from SunSirs believes that the strong supply and weak demand in the market are difficult to change, and the domestic corn market prices will continue to operate under pressure in the short term. It is expected that the domestic corn starch prices will continue to follow the stable, moderate, and weak cost trend in November.

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