SunSirs: Corn Starch Prices Kept Stable (March 13-17)
March 22 2023 11:01:59 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the overall price of domestic corn starch remained stable this week, with the average price of first grade corn starch at the beginning of the week being 3,202.00 RMB/ton and the average price at the weekend being 3,202.00 RMB/ton, which remained stable overall.
Analysis review
In the middle of March, due to the continuous decline in the prices of by-products, the domestic corn starch processing industry as a whole was still in a loss situation. Under the impact of the loss, the operating rate of manufacturers decreased, and the inventory of corn starch subsequently decreased. The domestic corn starch price had not followed the downward trend of the domestic weakness corn market price, and the manufacturers' attitude of price supported had supported the overall progress of the domestic corn starch price stable.
Market outlook
Analyst of corn starch products from SunSirs believes that supported by low inventory and continuous loss of processing profits, the domestic corn starch market price will continue to be strong in the short term.
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