According to the Commodity Market Analysis System of SunSirs, the domestic corn starch price was weak last week. The average price of first grade corn starch consumed at the beginning of the week was 3,194.00 RMB/ton, and the average price over the weekend was 3,180.00 RMB/ton, a decrease of 0.44% during the week.

Entering mid March, the domestic corn market continued to increase in market volume, and the domestic corn market prices subsequently weakened. The raw material costs weakened again, coupled with lower than expected downstream demand for starch, overall procurement was more cautious. Under the dual pressure of cost and demand, the domestic corn starch market prices slightly declined last week.

The corn starch product analyst from SunSirs believes that the domestic corn market will continue to have sufficient supply in the short term, and downstream demand for starch is lower than expected. It is expected that the domestic corn starch market price will follow the overall pressure of domestic corn prices.

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