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SunSirs: China's Domestic DDGS Market Remains Weak in November
November 25 2021 09:03:51SunSirs(Linda)

Since November, the domestic DDGS market in China has risen first and then fell, and the overall market has remained weak. At the beginning of the month, the average market price of domestic DDGS was RMB 2550/ton. On November 24, the average market price of domestic DDGS was RMB 2516/ton, a decrease of 1.31%.

Terminal feed demand is weak, domestic DDGS market is weakly down

At the beginning of the month, affected by the dual control policy, the alcohol factory price was high, and the domestic DDGS market performed well. Beginning in the middle of the month, the demand for terminal feed has declined, the domestic DDGS market has been weakening, and the price has continued to fall. At the end of the month, the price of domestic DDGS fell to the first line of 2500 yuan/ton, mainly stabilizing.

Among them, the mainstream quotation of domestic DDGS in Henan area is 2650 yuan/ton, the mainstream DDGS quotation in Shandong area is 2500 yuan/ton, and the mainstream quotation in Jilin area is 2400 yuan/ton. The overall market decline is 50-100 yuan/ton.

The demand for terminal feed is sluggish, and the market outlook for domestic DDGS will continue to be weak.

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