SunSirs: The Price of Corn Starch is Stronger in China Last Week
November 29 2022 13:55:41 SunSirs (Selena)
According to the monitoring of SunSirs, the price of domestic corn starch was slightly stronger last week. The average price of first-class corn starch at the beginning of the week was 3,296.00 RMB/ ton, and the average price at the weekend was 3,300.00 RMB/ ton, a small increase of 0.12%.
Pressed by the continuous downturn of domestic corn starch terminal demand, the recent continuous rise of domestic corn price has limited effect on the price rise of domestic corn starch market. Downstream trade entities have a strong wait-and-see attitude. The overall price of domestic corn starch market rose slightly with the cost last week.
According to the analysts of corn starch products from SunSirs, the cost of raw materials continues to rise, downstream demand for starch is weak, the market is long and short, and the overall price of domestic corn starch market is in a dilemma in the short term.
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