SunSirs: Supply is Tightening, Price of Domestic DDGS in China is Rising, an Increase of 3.65% from the Price in Early May
May 25 2021 08:18:23 SunSirs (Linda)
After May Day, the alcohol plant has been shut down for maintenance, and the price of domestic DDGS has continued to rise. As of May 24, the average market price of domestic DDGS was 2,746 yuan/ton, an increase of 3.65% from the price in early May.
After May Day, the price of raw corn continued to stay high, and the profit loss of the alcohol plant was serious, and the alcohol plants were shut down for maintenance. Jilin Dongfeng and Heyang alcohols were all under shutdown for maintenance. The supply was tightening. The prices of alcohol plants continued to rise, and the prices of domestic DDGS continued to rise. Mainly. Coupled with the support of rigid demand for terminal aquaculture, the DDGS market continues to rise, with mainstream quotations of 2750-2800 yuan/ton.
On May 24, Heyang Alcohol DDGS quoted at RMB 2860/ton, the price increased by RMB 180/ton from the beginning of May; Ensign’s DDGS quoted at RMB 2680/ton, the price increased by RMB 50/ton from the beginning of May; Dongfeng DDGS quoted at RMB 2,700 /Ton, the price has increased by RMB 100/ton from the beginning of May.
SunSirsDDGS analysts believe that the supply is tight and the prices of alcohol plants are high, and the market outlook for domestic DDGS will remain firm.
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