SunSirs: China Domestic Corn Starch Prices fluctuated in July
August 04 2023 13:49:41 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, the overall domestic Corn starch price fluctuated in July. The average price of edible primary Corn starch was 3,314.00 RMB/ton on July 1, and 3,344.00 RMB/ton on July 31, up 0.91% in the month.
In July, the price of domestic corn market continued to be strong, the cost of raw materials continued to rise, and the downstream demand for starch improved after summer. Supported by cost and demand, the price of domestic Corn starch market continued to be strong. In the middle of the year, the price of domestic corn market rose slightly, the raw material cost fluctuated and stabilized, and the price of Corn starch market stabilized.
In late July, under the pressure of the domestic corn market price, Corn starch factory price was slightly lowered in some regions, driving the domestic Corn starch market price down slightly. With the corn price stabilizing, the Corn starch market price returned to strong again at the end of the month, and the overall stability was stronger.
SunSirs analysts of Corn starch believe that: the cost of raw materials continues to be high, and the downstream demand remains unabated. Supported by the cost and demand, it is expected that the domestic Corn starch market price will continue to be strong in August.
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