Weekly Stocks Analysis on Corn Starch in China (Week 33, 2018)
For the factors including guaranteeing enough electricity for livelihood in the previous weeks, operation rate in factories is going down, to around 62% in starch factories by 10th Aug., which has reduced starch production. In addition, some downstream companies have boded well for later market in previous stage, thus placing a relatively large amount of low price orders. Now the rising prices of starch promote deliveries among companies, so their starch stocks go on to reduce this week. As starch demands will recover gradually in late August, short-term starch stocks are predicted to have a slow decline. Focus in later market shall be on factory operation rate and downstream demands.
According to Cofeed, corn starch stocks in 81 processing factories it surveyed totaled 680,300 tonnes till 15th Aug (Week 33), down 32,700 tonnes by 4.59% over last week’s 713,000 tonnes.
