SunSirs: Demand Increases, China Domestic DDGS Market Rises in May
May 29 2024 15:09:24 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, starting from May, with the support of terminal rigid demand, the domestic DDGS market continued to rise, with an increase of over 4%. On May 1st, the average market price of domestic DDGS was 2,100 RMB/ton. On May 28th, the average market price of domestic DDGS was 2,190 RMB/ton, an increase of 4.29%.
After the May Day holiday, the rigid demand for terminal aquaculture has increased, DDGS market transactions have improved. The overall DDGS quotation of the alcohol factory has increased. Among them, the overall price of DDGS in Henan region is 2,150 RMB/ton, with a price increase of 50 RMB/ton; The mainstream quotation for DDGS in Heilongjiang region is 2,100 RMB/ton, with a price increase of 50 RMB/ton; The average market price of domestically produced DDGS in Jilin region is 2,200 RMB/ton, an increase of 30 RMB/ton.
In mid May, with the support of rigid demand, alcohol factories raised prices, and the domestic DDGS market continued to rise. The domestic DDGS market in Henan remained stable at 2,150 RMB/ton, while the average market price of domestic DDGS in Jilin was 2,250 RMB/ton, with a price increase of 50 RMB/ton. The average market price of domestic DDGS in Heilongjiang was 2,100 RMB/ton, and the price remained stable.
At the end of May, terminal demand improved, and the substitute soybean meal market remained high, supported by bullish sentiment. The domestic DDGS market continued to rise. The domestic DDGS quotation in Henan region is 2,150 RMB/ton, unchanged. The average market price of domestic DDGS in Jilin region is 2,270 RMB/ton, with an upward trend in the market. The domestic DDGS in Heilongjiang region is priced at 2,200 RMB/ton, with an upward trend. At the end of the month, the domestic DDGS market has increased by more than 4% compared to the beginning of the month.
SunSirs agricultural product analysts believe that starting from June, there will still be rigid demand for terminal aquatic feed, and the domestic DDGS market will remain high in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
