Situation and Analysis of Guangxi Cassava Starch Spot Market (12.30)

Last week (December 21-28), in terms of domestic flour, the domestic cassava starch market showed a fluctuating and wait-and-see trend due to the continued resistance of cassava raw materials, the decline in imported flour prices, and the slight increase in domestic new flour inventory. The average price remained flat and the trading volume slightly increased. 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: low-end products priced at 3350-3450 yuan/ton (a decrease of 0 yuan/ton compared to the previous week, with a negotiation space of 50 yuan/ton between the quotation and actual transactions), ordinary products priced at 3450-3550 yuan/ton (a decrease of 0 yuan/ton compared to the previous week, with a negotiation space of about 50 yuan/ton between the quotation and actual transactions), and high-quality products priced at 3600-3700 yuan/ton (a decrease of 0 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 the impact of prioritizing the entry of a large number of fruits, the clearance volume of cassava starch in Pingxiang Zhengmao has remained stable, while the price has closed with 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 1350-1450 tons/day (-0). The weekend Pingxiang quotation (vehicle board, including tax) was 3050-3150 yuan/ton for low-end products (-70 yuan/ton), 3150-3250 yuan/ton for ordinary products (-70 yuan/ton), and 3250-3350 yuan/ton for high-quality products (-70 yuan/ton).

This week (December 29th to January 4th), influenced by factors such as tight year-end funds and inventory selling by Vietnamese starch factories, as well as lukewarm domestic demand, we believe that the cassava starch market in Guangxi will generally show a stable but slightly declining trend. Among them, domestic flour prices will close flat, while import flour prices in Pingxiang will continue to decline slightly. At the same time, the clearance volume of cassava starch in Guangxi will maintain the same trend as last week.

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