According to the monitoring data of SunSirs, since October, the positive factors still exist, and the domestic DDGS market has strengthened and risen in a volatile manner. As of October 28, the average market price of domestic DDGS was 3,275 RMB/ ton, with a price increase of 2.34%.

After the National Day Holidays, supported by multiple positive factors, the domestic DDGS market rose, the substitute soybean meal market rose sharply, the shutdown maintenance of some domestic alcohol plants had not yet started, the rigid demand for terminal feed was supported, the supply of market goods was tight, the alcohol plants were confident in pricing, the domestic DDGS market kept rising, and the mainstream quotation rose to 3,300 RMB/ ton, an increase of more than 3%. Near the end of the month, the soybean meal market declined, the profit was realized, and the domestic DDGS market fell back. The mainstream quotation fell to 3,275 RMB/ ton, down 0.76%, up 2.34% from the beginning of the month.

SunSirs agricultural product analyst believes that: the terminal feed demand in November turned weak, the operating rate of alcohol plants increased, and China domestic DDGS market may be weak in the future.

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