SunSirs: China's Wheat Prices Stay Stable and Move Forward (12.14-12.18)
December 21 2020 08:38:36 SunSirs (Linda)
1. China's domestic wheat price trend
According to the monitoring of SunSirs, the domestic wheat market price remained stable last week. The average price at the beginning of the week was 2464.00 yuan/ton and the average price at the weekend was 2464.00 yuan/ton, which remained stable overall.
2. Market analysis
Affected by policies that continued to maintain supply and stabilize prices, the overall domestic wheat market prices fell slightly in early December. The State Reserve's wheat transactions continued to be rational this week, manufacturers' inventories were relatively sufficient, the overall supply and demand of the wheat market remained stable, and domestic wheat market prices continued to move forward .
3. Outlook
SunSirs wheat analysts believe that under the support of policies, the price of domestic wheat market is in a dilemma as a whole. In the short term, they will continue to move forward around policy price fluctuations.
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