Situation and Analysis of Guangxi Cassava Starch Spot Market (11.4)

Last week (October 27th November 2nd), in terms of domestic flour, the domestic cassava starch market maintained a fluctuating downward trend due to the continuous sharp decline in imported flour and the upcoming start of the new crushing season this week. The average price closed with a significant ｄｒｏｐ, while the trading volume shrank slightly. 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: 3950-4050 yuan/ton for low-end products (a decrease of 70 yuan/ton compared to the previous week, with a negotiation space of 30 yuan/ton between the quotation and actual transactions), 4050-4150 yuan/ton for ordinary products (a decrease of 70 yuan/ton compared to the previous week, with a negotiation space of about 0 yuan/ton between the quotation and actual transactions), and 4150-4250 yuan/ton for high-quality products (a decrease of 70 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, due to factors such as the significant increase in Vietnamese starch production and the sustained lack of domestic demand, the clearance volume of cassava starch in Pingxiang Zhengmao has steadily increased, while the price has reported a moderate decline on a weekly basis. 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 480-530 tons/day (+30), and the average price of ordinary products (mid-range brands) decreased by -50 yuan/ton compared to the previous week.

This week (November 3-9), stimulated by the continuous increase in starch production in Vietnam and the insufficient domestic demand, we believe that the overall market situation of cassava starch in Guangxi will maintain a fluctuating downward trend. Among them, the price of domestic flour will still fall moderately, while the import price of Pingxiang regular trade flour will close with a slight decline. At the same time, the clearance volume of regular trade cassava starch in Guangxi will continue to increase slightly.

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