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SunSirs: China's Corn Starch Prices Remained Firm Last Week (2.1-2.5)

February 08 2021 08:43:13     SunSirs (Linda)

1. China's corn starch price trend

According to the monitoring of SunSirs, the price of corn starch in China remained strong at a high level last week. At the beginning of the week, the average price of first-grade corn starch for consumption was RMB 3710.00/ton, and the average price of corn starch on weekends was RMB 3,733.33/ton, a slight increase of 0.63%.

2. Market Analysis

Towards the end of the year, the domestic corn market price continued to run high and strong, raw material costs rose slowly, and the cost gradually passed. This week, some manufacturers' starch ex-factory prices increased slightly, driving the domestic corn starch market price to run high and strong.

3. Outlook

SunSirs corn starch product analysts believe that under the support of cost, the domestic corn starch market price is generally stable and strong. With the arrival of the spring vacation, deep processing manufacturers will gradually enter the holiday stoppage period. After the holiday, the price of corn starch will continue to be affected by domestic corn starch. The market price is mainly affected, and the overall operation will continue at a high level.

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