On June 18th, the Chinese herbal medicine index stood at 2,737 points, unchanged from yesterday and reaching a new historical high in the cycle, up 180.72% from its lowest point of 975 points on November 25, 2019. (Note: The cycle refers to June 30th, 2019 to present)

According to the price monitoring of SunSirs, in the 24th week of 2023 (6.12-6.16), there were a total of 5 products that rose or fell in the price list of traditional Chinese medicine, 2 products that fell, and 1 product that rose or fell to 0. The main commodities that have increased include: Codonopsis pilosula (13.67%), Angelica (7.24%), and Astragalus (5.88%); The main commodities that fell were Sanchi (-6.36%) and Chinese Wolfberry (-1.18%). Last week's average increase or decrease was 3.47%.

According to the monitoring of the commodity market analysis system of the SunSirs, the supply of goods from the origin was smooth in the early stage, and prices continued to rise. Recently, the movement of high priced goods has been slow, and market prices have also risen rapidly. Merchants purchase according to demand, but overall movement is not fast. The current unified price of Codonopsis pilosula from the origin is between 150 to 160 RMB/kg, an increase of 13.67% compared to the beginning of the week. At present, the inventory of goods in the hands of dealers is weak, and due to excessive price increases, merchants are afraid to buy in large quantities.

The origin and market of traditional Chinese medicine are still in an overheated state, and it is difficult to predict the price increase of varieties. Perhaps today is already high priced peony bark, Codonopsis pilosula, Atractylodes macrocephala, etc., perhaps it is suddenly emerging stiff silkworms, kudzu, morning glory, etc., perhaps tomorrow is the production exceeding sales of Chonglou, Chuanxiong, Cheqianzi. There are still many varieties with rising prices in the market, while the decline in price varieties is not significant, all of which fall within the normal fluctuation range of merchant shipments.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.