SunSirs: Sluggish Terminal Demand, China Domestic DDGS Market Weakening
January 06 2023 13:52:58 SunSirs (Selena)
According to the monitoring data of SunSirs, since December, the domestic DDGS market has continued to decline in a weak way, mainly after New Year's Day. At the beginning of the month, the average market price of domestic DDGS was 3,216 RMB/ton. On January 5, the average market price of domestic DDGS was 3,073 RMB/ton, down 4.46%.
After December, the terminal aquatic feed entered the off-season, the demand for DDGS purchased by feed factories was average, and the confidence of alcohol factories in price fixing was not average. The DDGS market continued to weaken, and the market transaction was average. After the New Year's Day, the alcohol factory continued to reduce the factory price of domestic DDGS. The DDGS market continued to decline in a weak way, with the price falling to the front line of 3,000 RMB/ton all the way.
SunSirs agricultural product analyst believes that the terminal feed will continue to be depressed, and the domestic DDGS will still be weak in the future.
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