SunSirs: The Price of Corn Starch Continued to be Weak Last Week
December 27 2022 10:16:46 SunSirs (Selena)
According to the monitoring of SunSirs, the price of domestic corn starch continued to be weak last week. The average price of edible first-class corn starch at the beginning of the week was 3,162.00 RMB/ton, and the average price at the weekend was 3,128.00 RMB/ton, down 1.08% during the week.
Recently, with the gradual recovery of transportation capacity, the domestic corn market price continues to be under pressure and weak. In addition, the price of imported corn continues to fall, the cost of corn starch raw materials continues to fall, while the downstream demand for starch continues to be weak. Under the pressure of many bad things, the domestic corn starch market price continues to be under pressure as a whole.
According to the analysts of corn starch products from SunSirs, the cost of raw materials is low, and the terminal demand is weak. In the short term, there is still room for the price of domestic corn starch market to fall in China.
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