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Commodity News

SunSirs: Corn Starch Price Steady Forward (10.7-10.11)

October 15 2019 11:25:49     SunSirs (Eva)

1.Price Trend

According to the monitoring of SunSirs, the price of domestic maize starch has been steadily moving forward this week. The average price of edible first-class maize starch at the beginning of the week is RMB 2526.67 yuan/ton, and the average price at the end of the week is RMB 2526.67 yuan/ton, with an increase or decrease of 0.

2.Cause analysis

After the National Day, stale grain continued to be released from the warehouse, the new season maize market gradually increased, the main trade bearish sentiment in the production and marketing areas was strong, and the price of domestic maize market as a whole was under pressure. The cost of starch raw materials has been adjusted weakly, and the overall demand for starch during the festival is not up to expectations. The problem of low starch demand in peak season makes the overall purchase and sale of starch Market light. In some areas, the transaction price of starch is slightly refined, and the overall price of starch market declines steadily and steadily.

3.Future Market Forecast

Analysts of corn starch products in SunSirs believe that domestic corn starch prices will be adjusted slightly weakly in the short term under the double impact of cost and demand.

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