“玉”你同行：12月下半月东北玉米深加工成本存压、需求有利

Group 1 - The average purchasing price of corn by deep processing enterprises in Northeast China has significantly increased in November and December, driven by slow supply and rising demand, despite declining profitability for enterprises [3][13] - As of December 12, the average purchasing price of corn in Northeast China was 2136 yuan/ton, an increase of 128 yuan/ton or 6.37% since early November, contrasting with the previous year's trend [3][13] - The supply of corn in the region is tight due to slow increases in local production and significant outflow of corn to North China, exacerbating the supply situation [3][13] Group 2 - From mid-November to early December, the volume of corn arriving at deep processing enterprises in Northeast China has decreased, prompting many enterprises to raise prices to secure supply for production [5][15] - The average purchasing price of corn in Heilongjiang rose from 2008 yuan/ton to 2079 yuan/ton, a 3.54% increase, while the number of trucks delivering corn dropped by 85.19% [5][15][16] - Due to rising raw material costs, profitability has declined significantly in most sectors except for starch, with some enterprises reducing production capacity [5][16] Group 3 - December is a peak season for new grain listings, and deep processing enterprises are expected to actively build inventory, which will support corn prices [7][18] - The total purchasing volume of corn by deep processing enterprises in Northeast China is estimated to be around 2.12 million tons in December, reflecting a 15% decrease month-on-month and a 26% decrease year-on-year [7][18] Group 4 - The rising cost of corn has led to increased starch prices, but product price increases have been limited, resulting in reduced profitability for enterprises, particularly in the ethanol sector, which is facing significant losses [9][20] - As of December 11, the processing profit for the corn starch industry was between 25-34 yuan/ton, a decrease of 46%-58%, while the ethanol industry reported losses of 244-405 yuan/ton [9][20][21] Group 5 - On December 12, the State Grain Reserve announced an auction for 10.31 million tons of imported corn, which will help alleviate local supply pressures [10][22] - The auction price for imported corn was set at a base price of 2000 yuan/ton, with all lots sold at a premium of 70-80 yuan/ton, which may reduce bullish market sentiment [10][22] Group 6 - Overall, while there is potential for upward price movement in the corn market due to demand from deep processing, the cost pressures and the influx of imported corn may lead to price declines [11][22] - The expected price fluctuation for corn in Northeast China in the latter half of December is projected to be stable, with a range of 20 yuan/ton [11][22]