Price trend

According to the Commodity Market Analysis System of SunSirs, the price of domestic corn starch had slightly declined this week. The average price of first grade corn starch consumed at the beginning of the week was 3,192.00 RMB/ton, and the average price on the weekend was 3,186.00 RMB/ton, a decrease of 0.19% during the week.

Analysis review

In the middle of May, the price of domestic corn market continued to decline in a weak way, and the trade subjects had a strong bearish attitude towards the future market. The downstream of corn starch was cautious in procurement overall. In order to ensure shipment, the manufacturer slightly lowered the ex factory price of corn starch, driving the overall price of domestic corn starch market to fall slightly.

Market outlook

The analysts of corn starch products from SunSirs believe that: the cost of raw materials continued to decline, the downstream demand for corn starch was not strong in peak season. Under the pressure of many negative factors, it is expected that the domestic corn starch market price will continue to be weaker under pressure in the short term.

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