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SunSirs: Corn Starch Price Steady Forward

September 12 2019 11:18:07     SunSirs (Eva)

1.Price Trend

According to the monitoring of SunSirs, the price of domestic corn starch has been steadily moving forward this week (9.2-9.6). The average price of edible first-class corn starch at the beginning of the week is RMB 2526.67/ton, and the average price at the end of the week is RMB 2526.67/ton, with a rise or fall of 0.

2.Cause analysis

In September, the old grain of state storage was released one after another, the early spring maize was listed one after another, the new maize was steadily in transition, the whole supply of domestic corn market was loose, and many shortcomings resulted in the weak adjustment of the price of domestic corn market as a whole this week, and the slight decline of processing cost resulted in the improvement of the overall processing profit of starch, and the starch production started. Due to the continuing weakness of terminal starch demand, the domestic corn starch Market as a whole is relatively light, and this week the price of starch is steadily advancing.

3.Future Market Forecast

Analysts of corn starch products of SunSirs believe that: the smooth transition of new and old corn, the peak season of terminal demand is not strong, processing costs slightly declined, many negative pressures, short-term domestic corn starch Market Price warming pressure.

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