According to the Commodity Market Analysis System of SunSirs, the overall price of domestic corn starch was relatively strong in August. On August 1st, the average price of edible first-class corn starch was 3,344.00 RMB/ton, and on August 31st, the average price was 3,434.00 RMB/ton, an increase of 2.69% during the month.

In August, due to the impact of typhoon weather, high temperatures and rainfall in China, weakened expectations of corn yield, reluctance of trade entities to sell and increase prices, and port price increases to replenish inventory, the domestic corn market prices continued to rise, and raw material costs continued to rise. In addition, the downstream demand for starch remained unchanged, and supported by costs and demand, the domestic corn starch market prices continued to be strong in August.

In late August, the corn market prices continued to stabilize and remain relatively strong, and the cost of raw materials continued to be relatively strong, providing further support for domestic corn starch prices. In addition, the prices of other downstream deep processing products of corn continued to rise, and the profit margin for corn deep processing continued to rebound. The significant rebound in corn starch prices in the early stage led to cautious purchasing and sales in the downstream as a whole, and the price of corn starch did not continue to rise with corn prices, The manufacturer's overall external quotation is temporarily stable, and the price of corn starch at the end of the month is generally stable and moving forward.

Analysts from SunSirs's corn starch products believe that the domestic corn price continues to be strong, and the downstream demand for starch remains unchanged. With the support of costs and demand, it is expected that the domestic corn starch market price will continue to be strong in September.

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