Situation and Analysis of Guangxi Cassava Starch Spot Market (2.10)

    Last week (February 2-8), in terms of domestic flour, due to the comprehensive impact of factors such as 60% of cassava starch factories resuming work after the holiday, the domestic cassava starch market showed a fluctuating and wait-and-see trend, with an average price closing with a slight increase. At the same time, the trading volume shrank significantly compared to before the holiday. 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: 3150-3250 yuan/ton for low-end products (up 0 yuan/ton compared to the previous week, with a discussion space of 30 yuan/ton between the quotation and actual transactions), 3250-3350 yuan/ton for ordinary products (up 0 yuan/ton compared to the previous week, with a discussion space of about 30 yuan/ton between the quotation and actual transactions), and 3480-3580 yuan/ton for high-quality products (up 30 yuan/ton compared to the previous week, with a discussion space of about 30 yuan/ton between the quotation and actual transactions); In terms of land trade in Pingxiang, due to the comprehensive impact of factors such as incomplete resumption of work by merchants and factories after the holiday and the market still being in a recovery trend, the clearance volume of cassava starch in Pingxiang Land Trade has continued to be insufficient, and the price has remained stable 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 100-200 tons/day (compared to -300 before the holiday). The weekend Pingxiang quotation (vehicle board, including tax) was 2950-3050 yuan/ton for low-end products (-0 yuan/ton), 3050-3150 yuan/ton for ordinary products (-0 yuan/ton), and 3150-3250 yuan/ton for high-quality products (-0 yuan/ton).

    This week (February 9-15), influenced by factors such as insufficient resumption of downstream industries and slow market recovery, we believe that the overall market situation of cassava starch in Guangxi will maintain a volatile and wait-and-see trend. Among them, the prices of domestic flour and Pingxiang's imported flour for regular trade may slightly increase, and at the same time, the clearance volume of regular trade cassava starch in Guangxi will continue to increase.

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