SunSirs: Corn Starch Prices Rebounded Slightly This Week (May 9-13)
May 16 2022 14:32:26 SunSirs (John)
Price trend
According to the monitoring of SunSirs, the domestic corn starch price rebounded slightly this week. The average price of first-class corn starch at the beginning of the week was 3,398.00 RMB/ton, and the average price at the weekend was 3,416.00 RMB/ton, up 0.53% during the week.
Analysis review
In May, the domestic corn market price continued to be high and strong, and the cost of raw materials continued to rise, driving the domestic corn starch market price to rise slightly.
Market outlook
Analysts of corn starch products of SunSirs believe that raw material costs continued to be high, terminal starch demand continued to be sluggish. The market is playing a long and short game, and the motivation for continuously rise of domestic corn starch market price is insufficient.
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