SunSirs: July China DDGS Rises Sharply
July 30 2020 08:43:25 SunSirs (Joyce)
According to the data monitored by SunSirs, on July DDGS has got rid of the depression, and embraces a continual increase. Early this month, China DGS average price was at 2073 RMB/ton, but the price of the end has reached 2306 RMB/ton, which climbs by 11.25%.
Numerous Profits Are Coming, the Price of DDGS Climbs Incessantly
The raw corn is supported by the sale price of the national reserved corn, so the price of it is soaring, and the average price reaches 2200 RMB/ton and the amplitude is nearly 7%. Summer is the customary season for alcohol mills to knock off. The alcohol mills are shutting down subsequently, so there is no offer price in part of mills, who mainly carry on signed contracts. And thus, the supply of China DDGS market is a little tight, and the stock keeps low. Supported by many beneficial factors, alcohol mills in all regions turn up the ex-factory price of DDGS. At the end of July, the mainstream offer price of China DDGS ranges from 2300 to 2500 RMB/ton, which rises 200 RMB/ton.
SunSirs agricultural commodity analysts LiBing supposes that in the short run, affected by cost sustain and short supply, domestic DDGS will remain sturdy and the price is likely to increase.
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