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SunSirs: Supply Tightens, China Domestic DDGS Market Oscillates and Rises
August 08 2023 10:24:55SunSirs(Selena)

According to monitoring data from SunSirs, since July 24th, the price of domestic DDGS has fluctuated and risen until early August. On July 24th, the average market price of domestic DDGS was 2,825 RMB/ton. On August 4th, the average market price of domestic DDGS was 2,875 RMB/ton, with a price increase of 1.77%.

After July 24th, the weather heated up, and domestic alcohol factories began to shut down for maintenance. The operating rate decreased, and the market supply tightened. The DDGS market continued to rise until early August. In early August, the overall quotation of alcohol factories increased, with an average market price of 2,850-2,900 RMB/ton, an increase of nearly 2%.

SunSirs agricultural product analyst believes that due to the impact of high temperature weather, the operating rate of manufacturers has declined, and the domestic DDGS market will remain strong in the future.


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