SunSirs: China's Domestic Corn Starch Prices Continued to Rise Last Week (10.12-10.16)
October 20 2020 08:03:31 SunSirs (Linda)
1. China's domestic corn starch price trend
According to the monitoring of SunSirs, domestic corn starch prices rose again at a high level last week. The average price of first-grade corn starch for consumption at the beginning of the week was 2,846.67 yuan/ton, and the average weekend price was 2,860.00 yuan/ton, an increase of 0.47%.
2. Market Analysis
After the two festivals, the overall domestic corn price rose again, and the cost of raw materials continued to rise. The mainstay of starch downstream traders worried that the market price would rise again. The demand for replenishment increased. Under the support of downstream demand and cost, the domestic ex-factory price of corn starch would follow overall Go higher.
3. Outlook
SunSirs corn starch product analysts believe that under the support of cost and demand, corn starch prices will continue to run firm in the short term.
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