Analysis of Domestic Corn Starch Production and Market Situation (2.17)

    Last week (February 9-15), the domestic corn starch spot market showed a fluctuating and wait-and-see trend due to the continuous rebound of corn raw material market, insufficient demand for starch after the holiday, and positive news that China National Grain Reserves Corporation may increase storage. Among them, spot prices in northern production areas, ports, and southern sales areas all closed flat, and trading volume increased compared to before the holiday. According to market monitoring and statistical information from the "Starch World" website, compared to last week, the average spot price of corn starch in China has increased by 0 yuan/ton (sampled average), and the total trading volume has increased by 9.2%. Secondly, in terms of production, due to the impact of resuming work after the holiday, the operating rate of corn starch factories has continued to increase (the operating rate is about 66.0%, an increase of 13.0 percentage points compared to last week). Finally, as of the weekend, the corn starch market quotes from various regions are: Harbin 2540 yuan/ton (up 0 yuan/ton compared to the previous week), Changchun 2600 yuan/ton (up 0 yuan/ton compared to the previous week), Shenyang 2650 yuan/ton (up 30 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 2920 yuan/ton (up 0 yuan/ton compared to the previous week), Shanghai 2950 yuan/ton (down 30 yuan/ton compared to the previous week).

    This week (February 16-22), influenced by factors such as the continued resumption of work and production after the holiday, the continuous fermentation of market related positive news, and the insufficient demand in the spot market, 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 with a slight increase. At the same time, the weekly turnover ratio will still increase.

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