SunSirs: Poor Demand for Terminal Feed, Chinese DDGS Weakly Declined
November 18 2021 08:20:33 SunSirs (Linda)
Starting from November 2nd, domestic DDGS continued to weaken downwards, mainly due to the weakening of terminal demand, the lack of confidence in the price of alcohol plants, and the downward trend in prices. As of November 17, the average market price of domestic DDGS was 2583 yuan/ton, which was 1.27% lower than that on the 2nd.
The terminal feed industry has entered the off-season, and the demand for DDGS procurement has declined. Alcohol factories are not confident enough to support the price, and slightly lowered the price of domestic DDGS. The mainstream domestic DDGS quotation was 2500 yuan/ton, and the price dropped slightly, with a drop of 30-50 yuan/ton.
Among them, the mainstream quotation of domestic DDGS in Henan area is 2700 yuan/ton, the mainstream DDGS quotation in Shandong area is 2650 yuan/ton, and the mainstream quotation in Jilin area is 2400 yuan/ton. The market has dropped by 30-50 yuan/ton.
The demand for terminal feeds has weakened, and the domestic DDGS market will continue to operate in a weak market outlook.
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