1. China's corn starch price trend
According to the monitoring of SunSirs, the price of corn starch in China continued to be strong last week. The average price of first-grade corn starch for consumption at the beginning of the week was 3,133.33 yuan/ton, and the average price at weekend was 3,140.00 yuan/ton, a slight increase of 0.21%.
2. Market Analysis
In late October, the domestic corn market price continued to run high and strong, raw material prices continued to rise, and downstream trade entities were willing to stock up. Supported by constant demand and rising costs, the domestic corn starch market price continued to run stable and strong.
SunSirs corn starch product analysts believe that raw material prices continue to be high and processing costs remain high. In the short term, domestic corn starch market prices will continue to run firm.
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