On July 9th, the Chinese herbal medicine index was 2,709 points, unchanged from yesterday, a decrease of 1.53% from the cycle's highest point of 2,751 points (2023-06-26), and an increase of 177.85% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30th, 2019 to present)
According to the price monitoring of SunSirs, in the 27th week of 2023 (7.3-7.7), 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 commodities that rose were: Ophiopogon japonicus (1.21%) and Flos Lonicerae (1.06%); The main commodities that fell were: Forsythia (-2.41%) and Angelica (-1.85%). Last week's average increase or decrease was -0.25%.
According to the monitoring of the commodity market analysis system of SunSirs, Forsythia is currently entering a new production period, with smooth trading of fresh fruits in the production area. Merchants have different opinions on the future market. The current market price for products without inspection is between 180 to 200 RMB, and the price for products with enough volatile oil is still strong at 220 RMB.
Due to the impact of cold weather in late spring in Lushi County, Sanmenxia, Henan Province, the output of Forsythia was much lower than that in previous years. In addition, the price of fresh goods was high, and farmers were highly motivated to harvest, which led to the early end of production this year. At present, the local production of Forsythia has entered the final stage, with a gradual decrease in the number of new products on the market and a continuous increase in prices. The current purchase price for fresh goods is around 46 RMB, and the processed futures have already been listed with a trading price of around 165 RMB. There is still inventory for old goods to be sold, but due to the high price of most of them, the holding merchants have a strong reluctance to sell, and there is currently no transaction formed.
Shanxi, Henan, and other production areas have produced new varieties of Forsythia. This year, the fruiting rate is not high, and farmers have a high enthusiasm for harvesting, leading to the early end of the new production. However, currently, the purchased fresh Forsythia products have not produced enough volatile oil for the dry products. At present, the production volume of new products for Forsythia is still unclear, and the market's large goods are moving slowly. Many market operators are hesitant to purchase in large quantities. The Business Society predicts that there may be a slight upward trend in the future as the production and innovation of Forsythia deepen.
With the continuous high temperature weather throughout the country, the Chinese herbal medicine market has entered the traditional off-season, with low overall trading volume, limited market hotspots, and limited attention from merchants. Some varieties that missed the price increase in the early stage have performed well in the near future, but clearly lack the drive of star varieties; The trading volume of the declining variety market this week has further shrunk, lacking practical digestion, and merchants are also unwilling to sell at reduced prices.
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