SunSirs: Bearish, China Domestic DDGS Market Decline

https://www.chemnet.com   Jun 09,2023 SunSirs

According to SunSirs, the domestic DDGS market continued to decline this week. At the beginning of the week, the average market price of domestic DDGS was 2,620 RMB/ton. On June 8th, the average market price of domestic DDGS was 2,493 RMB/ton, with a price drop of 4.83%.

This week, the domestic DDGS market continued to decline, with a decline of nearly 5%. The weather has turned hot, and the demand for terminal aquatic feed is poor. Manufacturers lack confidence in price support, and domestic DDGS prices continue to weaken. The mainstream quotation has dropped to 2,400 RMB/ton, a decrease of about 200 RMB/ton.

SunSirs agricultural product analysts believe that the price of raw corn has rebounded, and it is expected that there will be limited room for domestic DDGS to decline in the future, and it may stop falling and recover.

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