According to the Commodity Market Analysis System of SunSirs, the domestic corn starch price fluctuated slightly last week, with an average price of 3,224.00 RMB/ton for first grade corn starch at the beginning of the week and 3,224.00 RMB/ton for the weekend, showing overall stability.
In December, the domestic corn market continued to operate weakly, with weak raw material costs. As a result, the domestic corn starch market continued to operate weakly, with corn prices remaining low and profit margins for starch processing improving. The operating rate of starch enterprises has also rebounded, and with the support of strong demand for starch downstream, the overall price of domestic corn starch market has fluctuated slightly.
The corn starch product analyst from SunSirs believes that in the short term, the domestic corn market prices will continue to operate under pressure, and the continued weakness of raw material costs will form a certain pressure on the domestic corn starch market prices in the future.
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