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SunSirs: Supply Tight, DDGS Price Rise
September 10 2019 10:28:40SunSirs(Eva)

  According to SunSirs monitoring: DDGS prices rose this week, the average domestic high-fat DDGS price was RMB 1910/ton at the beginning of the week, and RMB 1960/ton domestic high-fat DDGS price at the weekend, with a price increase of 2.62%.

  Products: This week, the alcohol factory is still in the period of parking overhaul. The inventory of the factory is insufficient and the execution of contracts is the main task. In order to reduce the number of signatures, some alcohol factories have raised the ex-factory price one after another. Heyang alcoholic construction resumed normal, quoted 2050 yuan/ton; Shandong Yingxuan quoted RMB 2150/ton; Shandong Runsheng quoted RMB 1950/ton; Jilin Dongfeng quoted RMB 1880/ton; the price increased by RMB 30/ton.

  Upstream corn: raw corn prices weakened again, processing profits continued to be low, terminal starch demand continued to be low, starch inventory overall high. Maize prices are mainly vulnerable to consolidation.

  Analysts at DDGS, a business association, believe that alcohol factories will resume operation one after another, and prices of DDGS will rise or be under pressure in the future.

  If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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