Analysis of Domestic Corn Starch Production and Market Situation (11.4)

Last week (October 27th November 2nd), the domestic corn starch spot market showed a rebound trend due to factors such as a rebound in corn prices and a rebound in starch demand. Among them, spot prices in northern production areas and southern sales areas both closed with a slight increase, while the weekly trading volume continued to increase. According to market monitoring and statistical information from "Starch World" website, compared with the previous week, the average spot price of corn starch in China has increased by 40 yuan/ton (sampled average), and the total trading volume has increased by 0.7%. Secondly, in terms of production, due to the still high inventory and unstable market, the operating rate of corn starch factories has slightly declined (the operating rate is about 59.0%, a decrease of 1.0 percentage point compared to last week). Finally, as of the weekend, the corn starch market quotes from various regions are as follows: Harbin 2710 yuan/ton (up 50 yuan/ton compared to the previous week), Changchun 2760 yuan/ton (up 50 yuan/ton compared to the previous week), Shenyang 2800 yuan/ton (up 40 yuan/ton compared to the previous week), Qinhuangdao 2850 yuan/ton (up 50 yuan/ton compared to the previous week), Shijiazhuang 2850 yuan/ton (up 50 yuan/ton compared to the previous week), Guangzhou 2980 yuan/ton (up 30 yuan/ton compared to the previous week), and Shanghai 2990 yuan/ton (up 30 yuan/ton compared to the previous week).

This week (November 3-9), it is predicted that there is still room for a rebound in the corn market and market demand will continue to rise steadily. After comprehensive analysis, we believe that there is an 80% chance that the domestic corn starch spot market will show a stable and rising trend, and the market average price (sample average price) may close with a slight increase. At the same time, the weekly turnover ratio may increase slightly.

(Copyright articles cannot be reproduced without permission. Violators will be held accountable.)