SunSirs: Terminal Demand Declines, China Domestic DDGS Market Declines
November 08 2022 11:04:16 SunSirs (Selena)
According to the monitoring data of SunSirs: at the end of October, the terminal demand turned weak, and the domestic DDGS market continued to decline, with a decline of more than 2%. As of November 4, the average price of domestic DDGS market was 3,226 RMB/ ton, with a decline of 2.22%.
At the end of October, the rigid demand for terminal aquatic feed turned weak, the market for soybean meal, a substitute, declined, the operating rate of alcohol plants increased, and the confidence in price support was weak. The domestic DDGS quotation kept falling, and the market fell, down to November. The mainstream quotation fell to the front line of 3,200 RMB/ ton, down 80 RMB/ ton from October 24.
SunSirs agricultural product analyst believes that the terminal demand is weak, and the market situation of domestic DDGS is still weak.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-19 SunSirs: Negative Pressure, China Domestic DDGS Market is Weak and Falling
- 2024-04-07 SunSirs: China Domestic DDGS Market Rebounded, with an Increase of nearly 2% in the First Quarter of 2024
- 2024-03-27 SunSirs: China Domestic DDGS Market Rebounds in March
- 2024-03-21 SunSirs: Supported by Positive Factors, China Domestic DDGS Market Continues to Rise
- 2024-03-13 SunSirs: Demand Support, China Domestic DDGS is Skyrocketing
