On March 7th, the Chinese herbal medicine index was 2,364 points, a decrease of 20 points from yesterday, a decrease of 15.51% from the highest point of 2,798 points in the cycle (2023-08-10), and an increase of 142.46% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30, 2019 to present)
According to the price monitoring of SunSirs, in the 10th week of 2024 (3.04-3.08), there were 2 products that rose, 2 products that fell, and 4 products that rose or fell to 0 on the Chinese herbal medicine price list. The main rising commodities include Angelica (+0.47%) and Codonopsis pilosula (+0.28%); The main commodities falling are: Ophiopogon Japonicus (-20.86%) and Forsythia (-1.46%).
According to the monitoring of the commodity market analysis system of the SunSirs, Angelica merchants were more active in purchasing last week, but the total volume was not large. Due to the high inventory in the market, the market has been stable in the near future, and the price of boxed medium bar goods is currently between 140-145 RMB/kg.
The flow of people in the Angelica trading area of Minxian County market is stable, mainly purchased by local business and processing households, with a focus on first-time purchases and fewer out of town merchants. The shipment volume is large, overall sales are slow, and transaction prices are weak. Danggui Pharmaceutical Factory's new goods cost around 115-118 RMB/kg; The transaction price of Danggui Xiaotiao is 120-126 RMB/kg; The transaction price of Danggui Zhongtiao is between 130-136 RMB/kg; The transaction price of Angelica bars (with good bars) is above 140 RMB/kg.
The movement of Angelica in the Yunnan production area has significantly accelerated this week, and the trading volume has continued to increase. The general price of bulk goods for feeding is 105-106 RMB/kg, while the general price of larger bulk goods is 110-115 RMB/kg. Some dealers are optimistic about the future market and unwilling to sell, with asking prices above 130 RMB/kg; The live streaming fee that can be used for processing all returned films is 125 RMB/kg, and the quantity is relatively small.
In 2023, the prices of new products produced by Angelica have fallen, and most pharmaceutical companies and buyers are in a wait-and-see state. Last year, due to the impact of weather and drought, the production of Angelica was still in a reduced state, and the overall inventory of Angelica production areas was not high. With the gradual consumption of Angelica inventory, pharmaceutical companies and buyers began to actively purchase after the year. Trading in production areas was smooth, and prices slightly rebounded. SunSirs analysis suggests that Angelica prices may still remain strong in the short term.
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