Analysis of Domestic Corn Starch Production and Market Situation (10.28)

Last week (October 20-26), influenced by factors such as the rebound in corn prices and starch demand, the domestic corn starch spot market showed a fluctuating and wait-and-see trend. Among them, the spot prices in the northern production areas and southern sales areas closed flat, while the weekly turnover ratio slightly increased. According to market monitoring and statistical information from the "Starch World" website, compared to 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 increased by 1.6%. Secondly, in terms of production, due to high inventory levels, the operating rate of corn starch factories has slightly decreased (the operating rate is about 60.0%, a decrease of 2.0 percentage points compared to last week). Finally, as of the weekend, the corn starch market quotes from various regions are as follows: Harbin 2660 yuan/ton (down 0 yuan/ton compared to the previous week), Changchun 2710 yuan/ton (down 0 yuan/ton compared to the previous week), Shenyang 2760 yuan/ton (down 0 yuan/ton compared to the previous week), Qinhuangdao 2800 yuan/ton (down 0 yuan/ton compared to the previous week), Shijiazhuang 2800 yuan/ton (down 0 yuan/ton compared to the previous week), Guangzhou 2950 yuan/ton (down 0 yuan/ton compared to the previous week), Shanghai 2960 yuan/ton (down 0 yuan/ton compared to the previous week).

This week (October 27th November 2nd), influenced by factors such as the current stable and rising corn market and relatively stable market demand, after comprehensive analysis, we believe that there is an 80% chance that the domestic corn starch spot market will maintain a volatile and wait-and-see trend, and the market average price (sample average price) may close flat. At the same time, the weekly turnover ratio may remain roughly unchanged.

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