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SunSirs: Corn Starch Price Was in Weak Adjustment (March.23-27)
March 30 2020 11:29:52SunSirs(Daisy)

This week's domestic corn starch prices continue to be weak adjustment. The beginning of the week edible corn starch average price was 2420.00 RMB/ton, and the weekend average price was 2403.33 RMB/ton, a small drop at 0.69%.

In late March, the domestic corn starch company has returned to work and domestic corn starch as a whole continues to rebound. The downstream trade maintains wait-and-see attitude. The corn starch market overall trading was relatively light, and starch gradually increased inventory. The inventory backlog made some manufacturers cut prices and accelerate delivery, which cause corn starch market prices continuing to be weak.

Market Forecast: SunSirs corn starch product analysts think that supply is strong, and demand is weak. Domestic corn starch market price was under pressure downward. In general, the raw material cost has a small recovery, while processing costs continue to be high, which will play a certain support to the domestic corn starch market price. Corn starch prices continue to reduce, but the declining space is limited.

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