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SunSirs: Corn Starch Price Decreased Slightly (10.14-10.18)

October 23 2019 10:40:36     SunSirs (Eva)

1.Price Trend

According to the monitoring of SunSirs, the price of domestic corn starch fell slightly this week. The average price of first-class corn starch at the beginning of the week was RMB 2526.67 yuan / ton, and the average price at the end of the week was RMB 2500.00 yuan / ton, down slightly by 1.06%.

2.Cause analysis

Before and after the National Day, the domestic new season corn was listed one after another. In addition, the State Reserve and grain were out of the market one after another. The supply of domestic corn market continued to increase. The overall price of domestic corn market continued to be weak and adjusted. The cost of raw materials declined and transmitted. In addition, the overall demand of starch market was not strong in the peak season. The downstream trade subjects had a strong wait-and-see attitude. Under the suppression of a lot of negative air, the price of domestic corn starch market this week was small. Weak adjustment.

3.Future Market Forecast

According to analysts of corn starch products in SunSirs, the price of corn fluctuates slightly, the cost of starch processing continues to be low, the main body of downstream trade has a strong bearish attitude, the peak season of starch demand is not prosperous, and many negative effects are suppressed. It is expected that the price of domestic corn starch market will continue to be slightly weak in the short term.

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