SunSirs: Corn Starch Prices Continued to Weaken Last Week (7.5-7.9)
July 12 2021 08:49:47 SunSirs (Linda)
1. Domestic corn starch price trend
Last week, domestic corn starch prices continued to decline. The average price of edible first-grade corn starch at the beginning of the week was 3,13.33 yuan/ton, and the average weekend price was 3360.00 yuan/ton, down 1.56%.
2. Market analysis
In June, domestic corn prices fell by 1.72%. In July, domestic corn prices continued to be weak, raw material cost prices continued to fall, and downstream starch trading entities were more cautious in purchasing. The peak season of corn starch was not prosperous. The domestic corn starch market price as a whole followed the corn price. Press down.
3. Market outlook
The cost of raw materials continues to fall, and downstream demand continues to weaken. In the short term, there is still room for domestic corn starch prices to fall.
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