SunSirs: China Corn Starch Prices were Weak Last Week (January 8-12)
January 16 2024 15:33:22 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, the domestic corn starch price was weak last week. At the beginning of the week, the average price of consuming grade one corn starch was 3,200.00 RMB/ton, and the average price over the weekend was 3,188.00 RMB/ton, a decrease of 0.38% during the week.
Due to the continuous decline in domestic corn market prices and the continuous decline in raw material costs, downstream trading entities have a strong wait-and-see attitude, resulting in a slight decrease in domestic corn starch market prices under pressure.
The corn starch product analyst from SunSirs believes that under the sustained low raw material costs, the domestic corn starch market prices are weak and difficult to improve in the short term.
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