Price trend

According to the monitoring of SunSirs, the high price of domestic wheat market moved forward slightly at high levels this week. The average price at the beginning of the week was 3,064.00 RMB/ton, and the average price at the end of the week was 3,062.00 RMB/ton, down slightly by 0.07%.  

Analysis review

In March, the demand for terminal flour was still low. Affected by the continuous loose supply of wheat market, the intention of manufacturers to purchase at a lower price remained unchanged, and the domestic wheat market price continued to be weaker. The price of wheat had continued to fall, and the main body of grain storage trade had become more and more reluctant to sell. The reluctance to sell made the domestic wheat market supply into a phase of tight situation this week. The price of wheat market in some regions had rebounded slightly, driving the price of domestic wheat market to stop falling and rise slightly, and the price of domestic wheat market had fluctuated slightly this week.

Market outlook

The wheat analyst of SunSirs believes that the problem of strong supply and weak demand in the domestic wheat market is difficult to alleviate in the short term, and the overall price of the domestic wheat market will continue to be volatile and weaker.

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