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Corn starch industry enters consolidation period

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, Corn starch industry into the integration period since December 19, Dalian Commodity Exchange corn starch futures listed, futures prices rose and fell, basically mild and rational reflection of the current corn starch spot market operation. Since September, with the new season jade

The corn starch industry has entered the integration period since the corn starch futures were listed on the Dalian Commodity Exchange on December 19, the futures prices have gone up and down, which basically reflects the current operation of the corn starch spot market mildly and rationally. Since September, with the new season corn supply gradually returning to normal, the corn starch market has entered a seasonal decline cycle and once again reached the edge of small profits. In the context of overcapacity, many small enterprises with high energy consumption and poor management have been eliminated, while those that do not meet the requirements of environmental protection have been suspended for rectification. At present, the production enterprises in Shandong and Hebei are basically in a state of full load production, corn prices began to fall, corn starch prices dropped even more, the profits of corn starch production enterprises fell to less than 100 yuan / ton, and some production enterprises have reached the break-even point.

Palm oil drives oil futures to rebound Malaysia has suffered its worst flooding in decades, and local palm oil production is widely expected to be cut. Li Na, an oil analyst at China Food Network, said palm oil was significantly boosted by the sharp increase in the intensity of monsoon floods in Malaysia and news that production cuts could be close to 20% in December. Domestic oil fundamental news is scarce, long-term weakness has brought rebound demand, and internal and external factors overlap. On Monday, the three major oils rose sharply after opening high. Soybean oil rose 1.7%, while palm oil and rape oil easily reached more than 2%. "previously, oil prices have been continuously innovative and low, and the falling space has been squeezed continuously. The recent rebound is more the impact of weather speculation on psychological factors, the overall fundamentals are still weak, but the factors of late hype rebound may increase. "

 
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