SunSirs: China Corn Starch Prices Remained Stable and Advanced Last Week (November 13-17)
November 22 2023 09:53:38 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the overall price of domestic corn starch remained stable and advanced last week. At the beginning of the week, the average price for consuming first-class corn starch was 3,290.00 RMB/ton, and on the weekend, the average price was 3,290.00 RMB/ton.
In mid November, the supply and demand game in the domestic corn market has intensified, and the overall price of the corn market has become weak and stable. The raw material cost has fluctuated and stabilized, and the overall price of the domestic corn starch market has also stabilized and moved forward.
Analysts from SunSirs's corn starch products believe that there is currently relatively sufficient inventory in the domestic corn starch market, with ample profit margin for corn starch processing, stable raw material costs, and cautious downstream demand. In the short term, the price of the domestic corn starch market will continue to be at the current level and undergo slight consolidation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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