SunSirs: China Corn Starch Prices were slightly Stronger Last week (August 7-11)
August 15 2023 13:56:06 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the domestic corn starch price was relatively strong last week. The average price of first grade corn starch consumed at the beginning of the week was 3,344.00 RMB/ton, and the average price over the weekend was 3,404.00 RMB/ton, an increase of 1.79% during the week.
In August, supported by many factors such as high temperatures and rainy weather caused by typhoons in China, weakened expectations for high yields, reluctance of trading entities to increase prices, and port price hikes to replenish inventory, the domestic corn market prices continued to rise, and raw material costs continued to rise. In addition, the downstream demand for starch remained high, and supported by costs and demand, the domestic corn starch market prices were relatively strong.
Analysts from SunSirs's corn starch products believe that with the dual support of raw materials and costs, it is expected that the domestic corn starch market prices will continue to be strong in the short term.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: China Corn Starch Prices Fluctuated weakly Last Week (April 15-19)
- 2024-04-16 SunSirs: China Corn Starch Prices were Weak Last Week (April 8-12)
- 2024-04-03 SunSirs: China Domestic Corn Starch Prices Weakened and Declined in March
- 2024-03-26 SunSirs: China Corn Starch Prices were Weak Last Week (March 18-22)
- 2024-03-20 SunSirs: SunSirs Corn Starch Prices were Weak Last Week (3.11-3.15)
