SunSirs: Under the Support of Bullish, Domestic DDGS Market Rose Sharply
May 25 2022 14:31:50 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, after the May Day, the terminal demand is improving, and the domestic DDGS market is rising steadily. At the beginning of the month, the average market price of domestic DDGS was 2,766 RMB/ton. On the 24th, the average market price of domestic DDGS was 2,940 RMB/ton, a price increase of 6.26%.
Analysis review
After the May Day, the rigid demand of aquatic feed terminals has increased, coupled with the improvement of the substitute soybean meal market, the price of alcohol plants is mainly high, the domestic DDGS market has ushered in a rising market, and the price has continued to rise. With multiple bullish support, alcohol factories raised the ex-factory price of domestic DDGS one after another. The average market price of domestic DDGS exceeded 2,900 RMB/ton, an increase of over 6%.
On May 24, the DDGS quotations of some domestic alcohol factories were as follows:
The DDGS price of Heyang Alcohol was 2,920 RMB/ton, an increase of 100 RMB/ton in a single day; the DDGS price of Yingxuan Biochemical was 3,000 RMB/ton, a single day increase of 100 RMB/ton; the DDGS price of Jilin Dongfeng Biochemical was 2,870 RMB/ton, A single-day increase of 120 RMB/ton.
Market outlook
The agricultural product analyst of SunSirs believes that: supported by the rigid demand of the terminal, the domestic DDGS market will remain strong.
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