SunSirs: Corn Starch Prices Tended to Be Stronger (April 10-14)
April 18 2023 13:03:42 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of domestic corn starch slightly strengthened this week. The average price of first grade corn starch consumed at the beginning of the week was 3,148.00 RMB/ton, while the average price on the weekend was 3,172.00 RMB/ton, an increase of 0.76% during the week.
Analysis review
In the middle of April, the price of domestic corn market stopped falling and rose slightly, the cost of raw materials stopped falling and rebounded. In addition, the corn starch processing continued to lose money, the operating rate was low as a whole, and the manufacturers' price mentality remained unchanged. Supported by these factors, the price of domestic corn starch market continued to be stronger.
Market outlook
The analysts of corn starch products from SunSirs believe that the price of domestic corn starch market still has some room for recovery under the support of the slight rise in cost in the short term.
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