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SunSirs: Bearish Dominance, Chinese Domestic DDGS Continues to Drop, and the Price is down 1.19% from the Beginning of July
July 23 2021 09:10:49SunSirs(Linda)

Beginning in July, the domestic DDGS market continued to fall weakly, and it continued to fall for more than half a month. As of July 22, the average domestic DDGS market price was 2500 yuan/ton, down 1.19% from the price in early July.

Benefits dominate, domestic DDGS rises weakly

In July, the demand for terminal feed was flat. The alcohol plant entered the shutdown and maintenance season due to profit loss. Some alcohol plants mainly sold domestic DDGS inventory. The market continued to be weakly adjusted down to 2500 yuan/ton, and the market began to remain stable. The raw material corn market continues to weaken, and its supporting role is limited. The substitute soybean meal rapeseed meal is in a wide fluctuation market, which limits the downside of DDGS to a certain extent.

On July 22, Heyang Alcohol DDGS was quoted at RMB 2,520/ton, and the price was down 60 RMB/ton from the beginning of July, and it was shutting down; Ensign was shutting down and no quotation was available; Dongfeng DDGS was offering RMB 2,460/ton, which was shutting down, Jilin The new Tianlong DDGS price is 2,520 yuan/ton.

There are no obvious positive factors in the market, and the domestic DDGS market will continue to be weak.

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