According to the commodity market analysis system of SunSirs, the domestic wheat market prices rebounded slightly last week after stabilizing due to weakness, and the overall trend was volatile. The average price at the beginning of the week was 2,954.00 RMB/ton, and the average price over the weekend was 2,942.00 RMB/ton, a decrease of 0.41%.

Entering December, downstream flour demand continued to be sluggish, and companies were cautious in their purchases. The domestic wheat market remained relatively loose in terms of purchase and sales, and the continued weakness in wheat prices led to grain trading entities being hesitant to sell and raise prices. As a result, the arrival volume of wheat decreased. In order to stimulate the arrival of goods, some companies raised their wheat purchase prices slightly over the weekend, driving the overall price of domestic wheat market to hit a bottom and rebound slightly.

The wheat analyst from SunSirs believes that currently, the overall supply and demand of the domestic wheat market are weak, and the overall price of the domestic wheat market is in a dilemma of rising and falling in the short term. The overall situation will be slightly consolidating at the current level.

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