SunSirs: Supported by Demand, China Domestic DDGS Market Continues to Rise
May 15 2024 14:22:29 SunSirs (Selena)
According to the commodity market analysis system of the business club, after the May Day holiday, the domestic DDGS market has warmed up, and the market has surged. On May 1, the average market price of domestic DDGS was 2,100 RMB/ton. On May 14, the average market price of domestic DDGS was 2,162 RMB/ton, up 2.98%.
After the May Day holiday, the rigid demand for terminal aquaculture increased, and DDGS market transactions improved. The DDGS quotation of alcohol plants rose as a whole. Among them, the overall price of DDGS in Henan is 2,150 RMB/ton, and the price increases by 50 RMB/ton; The mainstream DDGS quotation in Heilongjiang is 2,100 RMB/ton, with a price increase of 50 RMB/ton; The average market price of domestic DDGS in Jilin was 2,200 RMB/ton, up 30 RMB/ton.
In the middle of the year, with the support of rigid demand, the price of alcohol factories was high, and the domestic DDGS market continued to rise. The domestic DDGS market in Henan was stable, and continued to be 2,150 RMB/ton. The average market price of domestic DDGS in Jilin was 2,250 RMB/ton, and the price rose by 50 RMB/ton. The average market price of domestic DDGS in Heilongjiang was 2,100 RMB/ton, and the price remained stable.
According to the agricultural product analysts of the SunSirs, in June, the terminal demand for aquatic feed has weakened, and the domestic DDGS market may fall.
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