Since September, the domestic DDGS market has weakened and prices have fallen steadily. At the beginning of the month, the average market price of domestic DDGS was RMB 2556/ton. On the 8th, the average market price of domestic DDGS was RMB 2506/ton, and the price dropped by 1.96%.
Demand for terminal feed has declined, domestic DDGS market continues to decline
Starting from September, the domestic DDGS market is generally weak and down. The demand for terminal aquafeeds has decreased, the enthusiasm for purchasing DDGS by feed mills has declined, and alcohol plants have successively lowered the ex-factory prices of domestic DDGS. The mainstream quotation of domestic DDGS in Shandong area was 2500 yuan/ton relatively stable; the domestic DDGS quotation in Jilin area was 2470 yuan/ton, the price fell 50 yuan/ton; the mainstream quotation of domestic DDGS in Henan area was 2550 yuan, the price fell 30 yuan/ton. Due to the poor domestic DDGS market, some alcohol plants are still shutting down for maintenance, which limits the room for domestic DDGS to fall to a certain extent.
The demand for terminal feed is not good, and domestic DDGS will continue to operate weakly in the short term.