SunSirs: Near the Spring Festival, the Terminal Demand is Flat, Domestic DDGS Market is Stable
After New Year’s Day, the domestic DDGS market continued to run smoothly. As of January 19, the average market price of domestic DDGS was 2,350 yuan/ton, and the price was flat compared to the beginning of the month.
Since January, domestic DDGS has stopped falling and stabilized, and the market has continued to be stable. The mainstream quotation is 2,350 yuan / ton. The terminal aquatic feed has entered the off-season of consumption, and alcohol factories are not confident enough to support the price. In addition, the support effect of corn price is limited. The domestic DDGS market continues to be stable, and the market has continued to be stable for more than half a month. As the Spring Festival is approaching, the terminal purchase demand of alcohol factories is general, the supply is loose, and the quotation is stable.
The Spring Festival is approaching, the terminal feed demand is flat, and the domestic DDGS market is stable in the market outlook.