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SunSirs: The Price of Corn Starch continued to be Weak Last Week in China

December 21 2022 13:01:00     SunSirs (Selena)

According to the monitoring of SunSirs, the price of domestic corn starch continued to be weak this week. The average price of edible first-class corn starch at the beginning of the week was 3,274.00 RMB/ton, and the average price at the weekend was 3,194.00 RMB/ton, down 2.44% during the week.

In December, the domestic corn market price rose and fell as a whole. In addition, the cost of imported corn continued to fall. The downstream demand for corn starch continued to be depressed. The domestic corn starch inventory was relatively high as a whole. Under the pressure of cost and demand, the domestic corn starch market price continued to decline.

The analysts of corn starch products from SunSirs believe that: under the pressure of cost and demand, the domestic corn starch market price will continue to operate stably, moderately and weakly in the short term.

 

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.

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