Price trend

According to the commodity market analysis system of SunSirs, the price of domestic corn starch continued to be stronger this week. The average price of the first grade corn starch was 3,200.00 RMB/ton at the beginning of the week, 3,220.00 RMB/ton at the weekend, up 0.62% within the week.

Analysis review

In the middle of June, most trade entities turned their attention to new wheat, and the supply of domestic corn market declined. In order to ensure production, starch processing enterprises raised prices to supplement stocks one after another. In addition, downstream demand for corn starch had improved, and under the support of cost and demand, the overall price of domestic corn starch market continued to be stronger this week.

Market outlook

Analysts of corn starch products from SunSirs believe that: supported by costs and demand, it is expected that the domestic corn starch market price will continue to be stable and stronger in the short term. Affected by the lack of upward momentum of the domestic corn market price overall, the space for corn starch market price continue to rise will be limited in the future.

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