Weekly Stocks Analysis on Corn Starch in China (Week 32, 2018)

2018-08-10 www.cofeed.com

Due to the recent high temperatures, some companies in Shandong and Hebei have been restricted in power supply and production to guarantee enough electricity for livelihood. According to the survey, production in Linqing Jinyumi, Fuyang, Yufeng, Derui has been restricted; Huachen, Jianmin and Guangyu have stopped running, besides, Hengren has stopped production from 2nd Aug lasting about 15 days, so are factories in Anhui from 1st -3rd Aug, while Haotian in Heilongjiang stopped 5 days for equipment maintenance from 3rd Aug. According to Cofeed, recent operating rate in starch industry has been declining, down to 60-62% this week by 6-8% over two weeks ago, causing a decrease in supply. Therefore, starch prices are successively raised, under which its stocks fall down this week after deliveries prevailing among companies. And the short-term stocks may still fall before the resumption of operating rate. The focus in later market shall be on the operating rate and downstream demands.

According to Cofeed, corn starch stocks in 81 processing factories it surveyed totaled 713,000 tonnes till 8th Aug (Week 32), down 47,900 tonnes by 6.3%.

Area	Company No.	Week 32	Week 31	Weekly Var.	Week 28	Monthly Var.
Shandong	29	88,100	108,800	-19.03%	96,000	-8.23%
Hebei	16	53,800	65,500	-17.86%	66,200	-18.73%
Henan	6	3,600	3,300	9.09%	2,700	33.33%
Shanxi	3	6,000	7,000	-14.29%	6,000	0.00%
Northwest China	2	1,500	2,000	-25.00%	1,800	-16.67%
Anhui	2	4,000	2,000	100.00%	6,500	-38.46%
Jiangsu	1	0	0		0
Inner Mongolia	4	19,500	27,800	-29.86%	17,800	9.55%
Heilongjiang	9	299,000	297,000	0.67%	291,000	2.75%
Jilin	7	186,500	193,500	-3.62%	202,600	-7.95%
Liaoning	2	51,000	54,000	-5.56%	58,000	-12.07%
Total	81	713,000	760,900	-6.30%	748,600	-4.76%

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