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SunSirs: Negative Pressure, China's Domestic DDGS Continues to Bottom out, down 1.58% from the Price in Early July
July 28 2021 08:11:16SunSirs(Linda)

Beginning in July, the domestic DDGS market continued to fall weakly for a month. As of July 27, the average domestic DDGS market price was 2490 yuan/ton.

Benefits suppress domestic DDGS continued to fall in July

Since July, the demand for terminal feed has been flat. The alcohol plant has entered the parking maintenance season due to profit losses. Some alcohol plants have mainly sold their domestic DDGS inventory. The market has continued to be weakly adjusted down to 2500 yuan/ton, and the market has begun to continue to stabilize. The raw material corn market continues to weaken and its supporting role is limited. The substitute soybean meal rapeseed meal is in a wide oscillation market, which limits the downside of DDGS to a certain extent. The domestic DDGS continues to fall for more than half a month.

By the end of July, the domestic DDGS market continued to be stable and still maintained a slight downward trend, mainly due to the continuous decline in the price of raw material corn, the supporting role of raw material costs was limited, the domestic DDGS rose weakly, and the alcohol plant was shut down for maintenance, and the willingness to maintain the price was weak. Domestic DDGS Continue to fall.

On July 27th, Heyang Alcohol DDGS quoted at RMB 2,520/ton, the price dropped by RMB 60/ton compared to the beginning of July, and it was shutting down; Ensign was shutting down, and no quotation was available; Dongfeng DDGS was offering RMB 2,430/ton, which was shutting down, Jilin The new Tianlong DDGS price is 2,520 yuan/ton.

The demand for feed is weak and stable, and the demand for aquaculture feed has declined, and the market outlook for DDGS is still weak.

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