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SunSirs: Supported by Raw Materials, DDGS Prices Continue to Rise, up 6.67% from the Beginning of April

May 12 2021 09:08:37     SunSirs (Linda)

After May Day, the domestic DDGS market remained strong and prices continued to rise. As of May 11, the average market price of domestic DDGS was RMB 2720/ton, an increase of 6.67% from the price in early April.
After May Day, the price of raw corn continued to remain high, and the profit loss of the alcohol plant was serious, and one after another shut down for maintenance. The supply of domestic DDGS became tight, and the price continued to rise. Coupled with the support of rigid demand for terminal aquaculture, the domestic DDGS continued its upward trend in April after the holiday, with an increase of nearly 7% from the beginning of April.

On May 11, Heyang Alcohol DDGS was quoted at RMB 2760/ton, the price increased by RMB 80/ton from the beginning of May; Ensign’s DDGS quoted at RMB 2,700/ton, the price increased by RMB 100/ton from the beginning of May; Dongfeng DDGS quoted at RMB 2,700 /Ton, the price is 100 yuan/ton compared to early May.

DDGS analysts believe that alcohol plants are mainly shut down for maintenance, and domestic DDGS will remain high in the short term.

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