Analysis of Domestic Corn Starch Production and Market Situation (12.16)

Last week (December 8-14), influenced by factors such as the stabilization of the corn market and relatively stable starch demand, the domestic corn starch spot market showed a fluctuating and wait-and-see trend. Among them, spot prices in northern production areas, ports, and southern sales areas all closed flat, while the weekly turnover ratio was roughly the same. 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 dropped by 0 yuan/ton (sampled average), and the total trading volume has decreased by 0.0%. Secondly, in terms of production, due to sufficient raw materials and year-end performance, the operating rate of corn starch factories remained stable (the operating rate was about 68.5%, an increase of 0.0 percentage points compared to last week). Finally, as of the weekend, the corn starch market quotes from various regions are: 2590 yuan/ton in Harbin (down 0 yuan/ton compared to the previous week), 2640 yuan/ton in Changchun (down 0 yuan/ton compared to the previous week), 2680 yuan/ton in Shenyang (down 0 yuan/ton compared to the previous week), 2780 yuan/ton in Qinhuangdao (down 0 yuan/ton compared to the previous week), 2780 yuan/ton in Shijiazhuang (down 0 yuan/ton compared to the previous week), 2960 yuan/ton in Guangzhou (down 0 yuan/ton compared to the previous week), and 2980 yuan/ton in Shanghai (down 0 yuan/ton compared to the previous week).

This week (December 15-21), it is predicted that the corn raw material market will fluctuate and consolidate, while the starch market demand will remain relatively stable. Based on comprehensive analysis, we believe that there is an 80% chance that the domestic corn starch spot market will maintain a fluctuating and wait-and-see trend, and the market average price (sample average price) may still close flat. At the same time, the weekly turnover ratio will slightly shrink.

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