On March 7th, the Chinese herbal medicine index was 2,364 points, a decrease of 20 points from yesterday, a decrease of 15.51% from the highest point of 2,798 points in the cycle (2023-08-10), and an increase of 142.46% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30, 2019 to present)

According to the price monitoring of SunSirs, in the 10th week of 2024 (3.04-3.08), 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 rising commodities include Angelica (+0.47%) and Codonopsis pilosula (+0.28%); The main commodities falling are: Ophiopogon Japonicus (-20.86%) and Forsythia (-1.46%).

According to the monitoring of the commodity market analysis system of the SunSirs, the price of Forsythia continues to be weak due to the weak origin, and there is a decrease in attention to merchants. The market situation continues to be sluggish. Currently, the price range for boiled water products of Forsythia in the market is between 145-150 RMB/kg, for qualified volatile oil products, it is around 160 RMB/kg, and for qualified volatile oil products without stems, it is between 185-190 RMB/kg.

The Qingqiao production area in Sangping Town, Xixia County, Henan Province, has been affected by weak demand, and the movement of goods has further slowed down. Holders have become anxious, and although they are actively looking for sales channels, the market is still in a sluggish state. Currently, the price for inspected goods is 160 RMB/kg, while the price for non inspected goods is 145-150 RMB/kg.

The market for Qingqiao in Quwo County, Linfen City, Shanxi Province continues to be sluggish. Currently, the local stock is still relatively abundant, and many operators are struggling to find a way to sell. They are holding positions and watching, and prices continue to be weak. The current package inspection goods are priced at 150-160 RMB/kg. Affected by weak demand, the movement of goods in Qingqiao, Weizhuang Town, Jiang County, Shanxi Province has further slowed down. Holders are becoming anxious and although actively seeking sales channels, the market is still in a sluggish state. The current price for fully inspected goods is 160 RMB/kg.

Although snowfall and freezing weather in the coming years have attracted the attention of businesses, the actual demand for Forsythia is not strong, and there are not many businesses that pay attention to it. In addition, both the production area and market inventory are in high demand, and the sales psychology of the holders is strong. Business analysis suggests that the Forsythia market may still be sluggish after the year, and the future market situation still depends on the actual market demand.

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