SunSirs: Domestic Corn Starch Prices Fluctuated Forward in May

Price trend

According to the Commodity Market Analysis System of SunSirs, the domestic corn starch price first rose and then fell in May, and then slightly rebounded at the end of the month. Overall, it fluctuated forward. On May 1st, the average price of edible first-class corn starch was 3,180.00 RMB/ton, and on May 31st, the average price was 3,180.00 RMB/ton. The overall rise and fall during the month remained unchanged.

Analysis review

In May, due to high costs and low processing profits, domestic corn starch enterprises slightly raised the price of starch market at the beginning of the month. With the price of domestic corn market falling slightly, the attitude of trade subjects towards the future market was becoming stronger, and the downstream purchase of starch was cautious. In order to ensure shipment, the manufacturer slightly lowered the ex factory price of corn starch, driving the overall price of domestic corn starch market to stop rising and fell slightly at the beginning of the month.

As the price of domestic wheat market stopped falling and recovered, the trade confidence of domestic corn market was boosted to a certain extent. The price increase for replenishment of enterprises supported the slight recovery of domestic corn market price. With the support of cost recovery, the overall price of domestic corn starch market stopped falling and stabilized, and then moved forward with slight shocks. In late May, the domestic corn market price recovered slightly, and the corn starch market price recovered slightly under the support of cost.

Market outlook

The analysts of corn starch products from SunSirs believe that: in the short term, the problem of strong supply and weak demand in the domestic corn market is difficult to alleviate, There is limited room for corm market price to continue to rise, and raw material costs move forward in shock. In June, the overall price rise of domestic corn starch market is not motivated enough, and the overall price will continue to follow the slight fluctuations in the domestic corn market.

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