According to the monitoring data of SunSirs, since the end of August, the terminal demand has increased, and the domestic DDGS market has risen. On August 29, the average market price of domestic DDGS was 2,990 RMB/ ton. On September 8, the average market price of domestic DDGS was 2,940 RMB/ ton, up 5.04%.
At the end of August, the demand for DDGS purchased by feed plants increased, the supply of alcohol plants became tight during the shutdown and maintenance season, and the market of domestic DDGS kept rising until the beginning of September. The mainstream price of domestic DDGS was 2,900 RMB/ ton, and the market rose by more than 5%. Alcohol factories have a strong price mentality, and the domestic DDGS market continues to operate at a high level.
SunSirs agricultural product analyst believes that China domestic DDGS market will still operate at a high level supported by the terminal rigid demand.
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