SunSirs: The Price of Corn Starch Fluctuated This Week (May 15-19)
May 23 2023 11:02:26 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of domestic corn starch fell first and then rose this week, with overall fluctuations moving forward. The average price of first grade edible corn starch at the beginning of the week was 3,176.00 RMB/ton, while the average price on weekends was 3,176.00 RMB/ton, which remained stable overall.
Analysis review
This week, the price of domestic wheat market rebounded at the bottom, and the trade confidence of domestic corn market was boosted to a certain extent. In addition, the overall arrival of corn in some regions was low. The price increase to replenish of enterprises supported the slight recovery of corn market prices in some regions over the weekend. Under the support of cost recovery, the manufacturer slightly raised the ex factory price of corn starch, and the domestic corn starch market price fluctuated forward slightly.
Market outlook
The analysts of corn starch products from SunSirs believe that, on the whole, the supply of domestic corn market was relatively loose, and the downstream demand for starch continued to be weak. In the future, the power for continuous rise of the overall domestic corn starch market price is insufficient.
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