SunSirs: Tight Supply, China Domestic DDGS Market Revitalizes
June 27 2023 14:51:25 SunSirs (Selena)
According to monitoring data from SunSirs, in late June, the domestic DDGS market rebounded and prices increased. On June 19th, the average market price of domestic DDGS was 2,493 RMB/ton. On June 26th, the average market price of domestic DDGS was 2,526 RMB/ton, with a price increase of 1.34%.
In late June, due to hot weather, the operating rate of domestic alcohol factories decreased, market supply tightened, and terminal demand improved. The domestic DDGS market rebounded and prices increased. The overall quotation of the alcohol factory has increased, with an average market price of 2,600-2,700 RMB/ton, an increase of over 1.3%.
SunSirs agricultural product analyst believes that overall terminal demand is sluggish, and the domestic DDGS market will continue to weaken in the future.
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