# SunSirs: Negative Pressure, China's Domestic DDGS Continues to Bottom out, down 1.58% from the Price in Early July

> China's domestic DDGS market fell about 1.58% from early July, with the average price at 2,490 yuan/ton on July 27. Alcohol plants entered maintenance shutdowns after losses, and some sold inventory. Raw corn weakness limited the downside while rapeseed meal provided some support.

- Date: 2021-07-28 · published 2021-07-28T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/46167-sunsirs-negative-pressure-china-s-domestic-ddgs-continues-to-bottom-out-down-1
- Commodities: [DDGS](https://feedsoft.ai/c/DDGS.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Plant shutdowns and weak corn costs keep Chinese DDGS offers under pressure, reducing the likelihood of strong import demand from that market. Price action is gradual rather than a sharp move.

## Read by commodity

- CORN: bearish ▼
- DDGS: bearish ▼

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-5366.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.