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SunSirs: Poor Terminal Demand, China Domestic DDGS Market Declines
December 08 2023 14:14:06SunSirs(Selena)

According to monitoring data from SunSirs, starting from December, terminal demand has been poor, and the domestic DDGS market has weakened. On December 1st, the average market price of domestic DDGS was 2,377 RMB/ton. On December 7th, the average market price of domestic DDGS was 2,370 RMB/ton, a decrease of 0.32%.

Starting from December, the domestic DDGS market continued to weaken, with prices falling slightly. The terminal demand is flat, and alcohol factories lack confidence in raising prices. The market buying and selling atmosphere has weakened, and the domestic DDGS market is mainly weak and downward, with prices falling. The average market price has dropped to 2,370 RMB/ton, with weak consolidation as the main trend.

SunSirs agricultural product analyst believes that during the off-season of terminal demand, the domestic DDGS market will continue to decline in the future.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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