Price Dynamics of Cassava Starch

Cassava Starch Outer Plate and Market Price List

Regional unit price is higher than last week's price. Regional unit price is higher than last week's price.

Thai Dollar/Ton 445-4550 Qingdao Vietnamese Dollar/Ton 3800-40000

Vietnam Dollar/ton 450-4600 Guangxi Border Trade Yuan/ton 3550-3800 0

Qingdao Thai yuan/ton 3850-40500 Guangxi domestically produced yuan/ton 3780-42300

Note: Domestic prices are based on Non-tax statistics, FOB prices in Thailand and CNF prices in Vietnam, and are based on yesterday's closing price.

Yesterday, the domestic cassava starch market was stable, the port market continued to arrive, the supply of goods was relatively sufficient, the downstream pickup was slightly slow, the market wait-and-see mood remained, and the quotation of traders was weak. The new policy of border trade market management has been delayed, market arrivals have slowed down and quotations have been slightly confused.

Raw materials and start-up trends: Thai raw materials supply is slightly tight, manufacturers inventory pressure appears, manufacturers'quotations decline, mid-end powder quotations reference in FOB Bangkok 445-455 U.S. dollars/ton, Vietnam raw materials supply continues to improve, purchase prices decline, affected by this, manufacturers' quotations have fallen back, most of the current CNF 450-460 U.S. dollars/ton.

Exchange rate: As of 8:00 a.m., the selling price of Bank of China's US dollar cash is 696.68 (trading unit: 100).

Forecast: The output of foreign manufacturers increased steadily, inventory pressure began to appear, and quotation declined steadily. Domestic arrivals continued to increase and downstream pickups were relatively stable. Zhuochuang expects that cassava starch market will maintain stable operation in the near future, with prices or stability.