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Weekly review of tapioca starch

Date:11, 9, 2018Hits:2

1. cassava starch domestic market review


Figure 1


Cassava starch Market performance this week is more stable, the port continues to arrive, the market supply is more adequate, downstream demand is still general, coupled with the external quotation continues to decline, the market wait-and-see mood is still strong. At present, port inventory pressure is not big, traders quotes steadily decline. Qingdao Port, Thailand, medium and high-end powder contains tax returns of 4000-4150 yuan/ton, Vietnamese powder mainstream contains tax returns of 3950-4100 yuan/ton, the actual transaction can still be negotiated. The supply of goods in Guangxi frontier trade market continues to increase. Affected by the slowdown of domestic demand, the quotation of traders has fallen sharply. At present, the mainstream quotation is 3640-3880 yuan/ton. As for domestic powder, the inventory of the manufacturer keeps low. Affected by the falling price of frontier trade, the quotation of the manufacturer continues to decrease. Among them, the low-end powder price is 3850-4000 yuan/ton, the middle-end powder price is 4000-4150 yuan/ton, the high-end powder price is 4150-4300 yuan/ton, and the turnover falls back. It is reported that Guangxi has begun production of new powder.

2. cassava starch international market review

Figure 2

Recent good weather in Thailand, fresh potato supply in starch mills maintained a good trend, the powder content of raw materials increased steadily in the near future, coupled with the purchase price has fallen, the production cost pressure of manufacturers is not large. Affected by the slowdown of Chinese demand, Thai manufacturers'quotations continued to decline. Currently, the mainstream quotation of mid-high-end powder is FOB455-470 USD/ton. The number of starch factories in Vietnam continues to increase compared with the previous week, the fresh potato supply in the new squeezing season continues to ease, and the purchase price is relatively stable. Influenced by the large increase in output and the slowing down of market demand in China, the export market of Zhengtai and frontier trade maintained a downward trend, with the mainstream brand prices falling slightly, currently reporting CNF465-475 USD/ton.

3. post market forecast

Although Thailand and Vietnam will focus on rice harvesting, the weather is good and suitable for tapping cassava. At present, fresh potato supply of manufacturers continues to improve, inventory pressure began to show, coupled with slowing demand in China, wait-and-see sentiment is still strong, manufacturers'quotations steadily declined. Affected by rice harvest, port positions are tight, affecting China's shipments. Domestic goods arrived one after another, downstream demand has been transferred, coupled with the decline in external quotation, market sentiment is strong wait-and-see. Zhuo Chuang expects that the cassava starch market will continue to run smoothly next week, or prices will start to stabilize.