SunSirs: The Price of Corn Starch in China Dropped Slightly Last Week (12.21-12.25)
December 29 2020 08:29:20 SunSirs (Linda)
1. China's corn starch price trend
According to the monitoring of SunSirs, domestic corn starch prices were slightly weaker and adjusted last week. At the beginning of the week, the average price of first-class corn starch for consumption was 3146.67 yuan/ton, and the average weekend price was 3106.67 yuan/ton, down 1.27%.
2. Market Analysis
Entering late December, corn prices in some regions have been slightly reduced, and ultra-high starch prices have restricted terminal consumption to a certain extent. Downstream trading entities have continued to be cautious in purchasing, corn starch terminal market demand has continued to weaken, raw material costs have fallen slightly, and terminal demand has continued to be sluggish Under pressure, domestic corn starch prices were adjusted slightly weaker this week.
3. Outlook
SunSirs corn starch product analysts believe that: on the whole, domestic corn prices continue to be high and the overall operation continues to be strong, starch processing profit margins continue to be low, cost support, it is expected that the domestic corn starch market price will have limited room for downward adjustment and will continue to follow corn prices Strong operation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-16 SunSirs: China Corn Prices Fluctuated weakly Last Week (April 8-12)
- 2024-04-07 SunSirs: China Corn Market Declined weakly, with a Decline of over 6% in the First Quarter of 2024
- 2024-03-26 SunSirs: China Corn Prices Fluctuated and Moved forward Last Week (March 18-22)
- 2024-03-19 SunSirs: China Corn Prices Fluctuated slightly and Moved forwardLast Week (March 11-15)
- 2024-03-07 SunSirs: CBOT Corn Futures Closed Higher on March 6
