Situation and Analysis of Guangxi Cassava Starch Spot Market (12.9)

Last week (December 1-7), in terms of domestic flour, the domestic cassava starch market maintained a fluctuating downward trend due to the comprehensive impact of factors such as the continued decline in imported flour prices and the large-scale launch of domestic new flour. The average price still closed with a significant drop, while the trading volume increased. According to the market sampling survey and data from the "Starch World" website, last week, the domestic powder prices (ex factory price, including tax) in Guangxi were: 3500-3600 yuan/ton for low-end products (a decrease of 100 yuan/ton compared to the previous week, with a negotiation space of 50 yuan/ton between the quotation and actual transactions), 3600-3700 yuan/ton for ordinary products (a decrease of 100 yuan/ton compared to the previous week, with a negotiation space of about 50 yuan/ton between the quotation and actual transactions), and 3700-3800 yuan/ton for high-quality products (a decrease of 100 yuan/ton compared to the previous week, with a negotiation space of about 50 yuan/ton between the quotation and actual transactions); In terms of Pingxiang Zhengmao, stimulated and affected by the widespread entry of Vietnamese starch factories into the main production period, the clearance volume of cassava starch in Pingxiang Zhengmao continues to increase, and the price cycle ratio has dropped significantly. According to the market sampling survey and data from the "Starch World" website, last week, the clearance volume of Vietnamese starch for Guangxi Pingxiang Zhengmao was 1400-1500 tons/day (+150). The weekend Pingxiang quotation (vehicle board, including tax) was 3250-3350 yuan/ton (-70 yuan/ton) for low-end products, 3350-3450 yuan/ton (-70 yuan/ton) for ordinary products, and 3450-3550 yuan/ton (-70 yuan/ton) for high-quality products.

This week (December 8-14), influenced by factors such as the continuous growth of cassava starch production in Vietnam and domestic markets, stable and fluctuating raw material prices, and relatively flat domestic demand, we believe that the overall cassava starch market in Guangxi will continue to fluctuate and fall. Among them, the prices of domestic flour and imported flour from Pingxiang will continue to decline at a moderate rate, while the clearance volume of cassava starch from Guangxi will show a slight increase.

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