Xylitol prices low shock forward

Overview of current market quotation

This month, the domestic xylitol market is still in light operation, with weak downstream demand and low downstream demand due to the epidemic situation. The tax refund adjustment has been changed, and the xylitol price has been slightly reduced this month.

Domestic status analysis

Industry chain: unchanged from last week. Northeast deep-processing enterprises have low inventory, demand for replenishment, and bottom-level surplus grain in the northeast producing area has provided support. The company still has a willingness to raise prices. Some corn prices have risen by 10-20 CNY/ton, costs have risen, and early low prices The signing was acceptable, and the company was reluctant to sell, which caused the price of corn Starch to rise. However, at present, the operating rate of starch enterprises is more than 70%, and the Starch supply is abundant, and the overall market is still in excess of demand. At the same time, it is worth noting that with the acceleration of domestic resumption of work and resumption of production, downstream starch consumption has gradually picked up, and the starch industry's inventory has fallen weekly.

At present, downstream procurement tends to be cautious, downstream products have risen weakly, and bargaining is flexible. It is expected that the short-term Corn starch price may continue to be stable and slightly adjusted, compared with last week. Northeast deep-processing enterprises have low inventory, demand for replenishment, and bottom-level surplus grain in the northeast producing area has provided support. The company still has a willingness to raise prices. Some corn prices have risen by 10-20 CNY/ton, costs have risen, and early low prices The signing was acceptable, and the company was reluctant to sell, which caused the price of corn starch to rise. However, at present, the operating rate of starch enterprises is more than 70%, and the starch supply is abundant, and the overall market is still in excess of demand. At the same time, it is worth noting that with the acceleration of domestic resumption of work and resumption of production, downstream starch consumption has gradually picked up, and the starch industry's inventory has fallen weekly. At present, downstream procurement tends to be cautious, downstream products are weak, and bargaining is flexible. It is expected that the short-term corn starch price may continue to stabilize and adjust slightly.

Summary and forecast

According to the market fundamentals of supply and demand, the game power of the buyers and sellers in the starch market is basically balanced. There is limited room for price fluctuations. There may be periodic market adjustments in local markets, but the scope is limited. During the epidemic, market demand may be weaker than industry expectations, and the intention to sell grain at the grassroots level will increase faster than downstream demand is not strong. Starch prices are expected to remain volatile.

In summary, the overall domestic food-grade xylitol market is still weaker than the market price, and corporate sales are eager. The hesitation of downstream customers and the price of raw materials have continued to decline. The market transactions are average. It is expected that the food-grade xylitol market will remain short-term. Hovering at a low level.