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Nickel DDGS News
SunSirs: Terminal Demand Was Poor, and Domestic DDGS Market Was Weak
May 12 2023 13:45:52SunSirs(John)

Price trend

According to the Commodity Market Analysis System of SunSirs, after May Day, the domestic DDGS market continued to decline weakly. On May 11th, the average market price of domestic DDGS was 2,766 RMB/ton, a decrease of 0.48% compared to before the holiday.

Terminal demand was poor, and domestic DDGS market was weak

Since May, the demand for terminal aquatic feed remained average, the market DDGS market remained sluggish, and prices had slightly declined. The overall quotation of the alcohol factory slightly decreased, with the mainstream quotation mostly from the Northeast region, with an average market price of 2,600-2,700 RMB/ton, and the overall market situation was mainly declining.

In the second week, domestic DDGS remained weak and mainly declined, with a relatively small decline. Overall, the market was weak and consolidated, with average market transactions and the market was sluggish.

Market outlook

At present, the trading atmosphere in the domestic silicone DMC market is average, and the overall downstream demand is still weak. There is little change in the start of silicone DMC construction, and there is still some pressure on the supply side in some regions. The silicone DMC data analyst from SunSirs believes that in the short term, the domestic silicone DMC market is mainly subject to minor adjustments, and the specific trend still needs to pay more attention to changes in supply and demand information.

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