According to the monitoring data of SunSirs, the domestic DDGS market improved in the middle of November, with the price mainly rising. As of November 18, the average market price of domestic DDGS was 3,243 RMB/ ton, up 0.83%.
After November 9, some alcohol plants were shut down for maintenance, and the market supply became tight. DDGS manufacturers were mainly price fixing. The domestic DDGS market continued to run at a high level, with the mainstream quotation of 3,200 RMB/ ton. The market of soybean meal, a substitute, remained high, supporting the domestic DDGS market.
SunSirs agricultural product analyst believes that the terminal demand is sluggish, and China domestic DDGS market may weaken in the future.
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