ccording to the commodity market analysis system of SunSirs, the price of corn starch in China was relatively strong last week. The average price of the first grade corn starch at the beginning of the week was 3,280.00 RMB/ton, and the average price at the weekend was 3,260.00 RMB/ton, down 0.61% within the week.

In June, farmers basically stopped selling grain. Supported by the dwindling of high-quality grain sources available for circulation at the grass-roots level, the grain storage traders' attitude towards price increases has become stronger. The price of domestic corn market has been slightly stronger driven by the price increase and replenishment of deep processing enterprises. Supported by factors such as the rising cost of raw materials, the continuous loss of starch processing profits, and the decline of corn starch inventory, the domestic corn starch market price is slightly strong last week.

The analysts of corn starch products from SunSirs believe that the downstream demand for corn starch will pick up slightly after the summer, and China domestic corn starch market price will continue to run strongly in the short term under the support of demand and cost.

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