Sinopec News: Corn starch spot market prices continue to rise but lack momentum

K-LinePoet · 2026-04-04T04:20:06+00:00

Recently, domestic corn starch spot market prices have continued to rise. Due to the increase in raw material corn prices and low inventory levels, prices in some regions have already surpassed 3,000 yuan/ton. Market confidence is recovering, and replenishment enthusiasm is increasing, but in the short term, there is insufficient momentum for further price increases, and a digestion phase may occur.

K-LinePoet

2026-04-04 04:20:06

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In the domestic corn starch spot market in China, prices have been rising continuously in recent weeks and are currently trading at their high point. As raw corn supply has continued to remain at a low level, and strong upward pressure from raw corn prices has driven the market, bullish sentiment has been spreading continuously. Most companies have raised their corn starch prices in consecutive rounds to ease cost pressure. Currently, in multiple regions including Shandong, Hebei, and Henan, corn starch spot market prices have already broken through the 3000 yuan/ton mark. Stimulated by the continuous rise in spot market prices, market confidence has returned to normal. Downstream end-users and traders are replenishing stocks more actively, since overall inventory levels are running low. It is expected that in the short term, the corn starch spot market will lack momentum to keep pushing higher, and prices may shift into a phase focused on digesting the prior gains. (ZhuoChuang Information)

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