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Weekly Stock Analysis on Corn Starch in China (Week 37, 2018)

2018-09-13 www.cofeed.com

    Some small and medium-sized enterprises in Hebei are still off production under environmental protection checks, and some factories in Anhui have somewhat delayed their production resumption due to the incoming of environmental protection groups, whilst factories like Zhonggu, Longfeng and Tongliao Yuwang still have maintenance schedules. So the operation rate is still hard to pick up. In addition, some downstream companies have been optimistic to later market and signed a relatively large amount of orders at low prices in earlier stage, and amid the ongoing stockpiling before holidays and a faster delivery speed in downstream, corn starch stocks this week decline further. On the whole, the starch stock is predicted to drop gradually before new corns flood in as companies are busy in shipments. Attention on later market shall be paid to operation rate in factories and how the new corn goes.

    According to Cofeed, corn starch stock in 81 processing factories it surveyed totaled  562,900 tonnes till 12th Sept (Week 37), down 42,200 tonnes from last week’s 605,100 tonnes by 6.97%.