SunSirs: Corn Starch Price Rose Slightly This Week (March 6-10)
March 14 2023 14:05:43 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the domestic corn starch price was slightly stronger this week. At the beginning of the week, the average price of edible grade I corn starch was 3,182.00 RMB/ton, and the average price at the weekend was 3,200.00 RMB/ton, up 0.57% in the week.
Analysis review
In March, the price of corn starch by-products continued to be low, the profit of corn processing of deep processing enterprises continued to shrink, and the attitude of manufacturers to support the price gradually became stronger. At the same time, supported by the relatively low domestic corn starch inventory and the small recovery of downstream demand for corn starch, the manufacturers successively raised the ex-factory price of corn starch after March, driving the ex-factory price of domestic corn starch to rise slightly.
Market outlook
The corn starch product analyst of SunSirs believes that in the short term, the domestic corn starch market price will rise slightly under the support of the manufacturer's price attitude. Under the pressure of the continued weakness of raw material costs, the space for the rise of domestic corn starch market price will be limited in the future.
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