Analysis of Domestic Corn Starch Production and Market Situation (12.30)

Last week (December 21-28), influenced by factors such as the rebound of corn raw material market and the continued wait-and-see attitude of starch merchants, the domestic corn starch spot market showed a fluctuating trend. Among them, the spot prices in northern production areas, ports, and southern sales areas all closed flat, and the trading volume remained relatively stable on a weekly basis. 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, the operating rate of corn starch factories remains stable due to the impact of sufficient raw materials and year-end performance (the operating rate is 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 as follows: Harbin 2530 yuan/ton (down 0 yuan/ton compared to the previous week), Changchun 2580 yuan/ton (down 0 yuan/ton compared to the previous week), Shenyang 2620 yuan/ton (down 0 yuan/ton compared to the previous week), Qinhuangdao 2710 yuan/ton (down 0 yuan/ton compared to the previous week), Shijiazhuang 2710 yuan/ton (down 0 yuan/ton compared to the previous week), Guangzhou 2900 yuan/ton (down 0 yuan/ton compared to the previous week), Shanghai 2920 yuan/ton (down 0 yuan/ton compared to the previous week).

This week (December 29th to January 4th), it is predicted that the corn raw material market will continue to maintain a moderate recovery trend, while the starch market demand will be relatively stable. Based on comprehensive analysis, we believe that there is an 80% chance that the domestic corn starch spot market will show a fluctuating and wait-and-see trend, and the market average price (sample average price) may close flat. At the same time, the weekly turnover ratio will increase.

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