According to the monitoring data of SunSirs, since August, domestic DDGS has experienced the market of roller bikes, and the price has been falling mainly after the big increase. In September, the market continued to fall. As of September 8, the average market price of hydrogen peroxide was RMB 2,123/ton, and the price dropped by nearly 8%. The price of DDGS began to rise on September 9th, returning to the market at the beginning of September, and the price rose by 0.79%.

In September, domestic DDGS terminal demand improved. As the National Day approached, feed manufacturers began to stock up and DDGS prices were supported. In terms of raw material corn, the new season corn will be launched soon, and the weak corn price has gradually stabilized. At present, the boost to DDGS is limited. The relatively strong performance of substitute soybean meal has driven the DDGS market to strengthen. The mainstream price of DDGS from alcohol plants is RMB 2,150-2,200/ton, which is about RMB 50-100/ton higher than the price in early September.

SunSirs DDGS analysts believe that: National Day is approaching, the stock market of feed manufacturers is gradually ending, and the market outlook for DDGS is still under pressure.

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