SunSirs: Terminal Demand Was Weak and Domestic DDGS Market Was Weaker
February 09 2023 10:02:34 SunSirs (John)
Price trend
According to the monitoring data of SunSirs, the domestic DDGS market has been weakening since February. At the beginning of the month, the average market price of domestic DDGS was 3,083 RMB/ton. On February 8, the average market price of domestic DDGS was 3,050 RMB/ton, and the price fell by 1.08%.
Weak terminal demand, domestic DDGS market weakeded
After February, the domestic DDGS market lacked power to rise in the slack season of demand in the terminal aquatic feed industry. The alcohol factory had insufficient confidence in price supportive, and the domestic DDGS market was mainly in a weak decline. The mainstream quotation was 2,850-3,150 RMB/ton, and the overall decline was 50 RMB/ton. The actual price was negotiable.
Market outlook
According to the agricultural product analysts of SunSirs, it will take time for the recovery of the demand for terminal feed, and the domestic DDGS will continue to be weakly downward in the future.
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