SunSirs: Weak Adjustment of Wheat Prices in China Last Week (12.7-12.11)
December 14 2020 08:45:06 SunSirs (Linda)
1. China's wheat price trend
According to the monitoring of SunSirs, the overall domestic wheat market price adjusted slightly weaker last week. The average price at the beginning of the week was 2466.00 yuan/ton and the average price at the weekend was 2464.00 yuan/ton, a slight decrease of 0.08%.
2. Market Analysis
Entering December, some manufacturers have slightly lowered their wheat purchase prices after their wheat stocks have been replenished to a certain extent. The willingness of grain trading entities to go out of the warehouse has continued to increase. The domestic wheat market supply has rebounded. In addition, the policy wheat has been exported one after another. The domestic wheat market supply overall Loose, the overall domestic wheat market prices fell slightly under pressure.
3. Outlook
SunSirs wheat analysts believe that the main trade entities are concentrated out of the warehouse, the policy of wheat continues to maintain the supply and price, the wheat market supply is loose, and the terminal demand peak season is not strong. It is expected that the wheat market price will continue to be stable and weak in the short term.
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