Currently, bullish sentiment on later market is still strong, as farmers and traders remain reluctant to sell out, while subordinated warehouses and processing enterprises are bent on procurement. Given this, corn market is buoyed to edge up, which directly raises corn starch prices. As for operation rate, there will be a three-day schedule of maintenance downtime in Linqing Jinyumi, Shandong, and the rate also remains low in Hebei (only four factories in production) due to restriction for the environmental protection; hence, participants are optimistic about later market, especially as some downstream companies have low inventories left after the National Day. Starch enterprises are now occupied with preliminary contracts, creating a good shipment state, and some enterprises have signed contracts for November and December. Therefore, corn starch will find it hard to build up the stock in short term, and may post slight declines. Operation rate, corn price and downstream demand will be worthy of attention for later market.

      

      According to Cofeed, corn starch stock in 81 processing factories surveyed totaled 500,300 tonnes as of 17th Oct (Week 42), down 20,300 tonnes by 3.9% from 520,600 tonnes last week.