According to the Commodity Market Analysis System of SunSirs, the overall domestic DDGS market in January was weak and declined, with a slight rebound towards the end of the month, with an overall decline of over 11%. On January 1st, the average market price of domestic DDGS was 2,150 RMB/ton. On January 26th, the average market price of domestic DDGS was 1,900 RMB/ton, a decrease of 11.63%.

Weak terminal demand in January, domestic DDGS market continues to decline

After New Year's Day, the demand for terminal feed has weakened, the corn market has weakened, and the substitute soybean meal market has declined. Multiple negative factors have suppressed the domestic DDGS market, leading to a decline in the market. Alcohol factories lack confidence in price support, and the market continues to be weak.

Starting from mid month, the domestic DDGS market continued to decline weakly. Alcohol factories lack confidence in price support, resulting in weak demand for terminal feed and a weakening market for raw corn. The domestic DDGS market continues to decline. The average market price has dropped to 1,800-1,900 RMB/ton, with a market decline of over 4%.

At the end of the month, the stock market was driven by a tightening of domestic DDGS inventory, leading to a rebound in the market. Due to a significant decline in the previous period, the overall domestic DDGS market experienced a significant decline throughout January.

Agricultural product analysts from SunSirs believe that as the Spring Festival approaches and domestic DDGS manufacturers stop for maintenance, supply is tightening, and the domestic DDGS market will continue to remain strong in the future.

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