This week, the theoretical profit margin for malt syrup products in Shandong Province declined. During the week, sample corn prices in Shandong first rose and then fell, increasing theoretical production costs. Malt syrup prices in Shandong remained stagnant, while by-product prices fluctuated within a range, resulting in a decrease in total industry revenue. Consequently, the profit margin of the malt syrup industry declined week-on-week. As of Thursday, based on calculations in Shandong, the theoretical average processing profit for malt syrup enterprises in Shandong was -107 yuan/ton, a decrease of 14 yuan/ton compared to last week.
This week, the theoretical profit margin for F55 high-fructose corn syrup (HFCS) in Shandong Province declined. During the week, sample corn prices in Shandong first rose and then fell, resulting in a slight increase in theoretical production costs. The HFCS market in Shandong remained stable throughout the week, while by-product prices fluctuated narrowly at low levels, leading to a decrease in total industry revenue and a continued decline in the theoretical profit margin for HFCS. As of Thursday, based on the average price in Shandong, the theoretical average processing profit for HFCS enterprises in Shandong was -52 yuan/ton, a decrease of 8 yuan/ton compared to last week.
Source: Zhuo Chuang Information