SunSirs: This Week, Corn Starch Fluctuated to Be Weaker (October 16-20)
October 25 2023 10:45:15 SunSirs (John)
Price trend
According to the Commodity Market Analysis System of SunSirs, the price of domestic corn starch fluctuated to be weaker this week. At the beginning of the week, the average price of edible grade first corn starch was 3,280.00 RMB/ton, while the average price on the weekend was 3,260.00 RMB/ton, a decrease of 0.61% during the week.
Analysis review
In mid October, domestic corn entered the market comprehensively. Under strong market supply and weak demand pressure, corn market prices continued to be weak and downward. Under the continuous low-pressure system of raw material costs, the overall pressure on the domestic corn starch market prices was weaker.
Market outlook
Corn starch products analysts from SunSirs believe that in the short term, the domestic corn market prices are weak and difficult to improve. Under the low cost system, it is expected that the domestic corn starch market prices will continue to be weaker.
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