SunSirs--China Commodity Data Group

Member ID: password: Join Now!
Commodity News

SunSirs: High Inventory, Egg Prices Fell

May 12 2023 14:25:55     SunSirs (John)

Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the egg price was 9.27 RMB/kg at the beginning of this week, and 9.10 RMB/kg at the end of this week. The price decreased by 1.83%, and the price decreased by 4.01% compared to the same period last year.

Analysis review

In terms of spot prices, egg spot prices continued to decline slightly. The weather was gradually getting hotter, making it more difficult to store eggs. Coupled with the high inventory level, egg prices were under pressure. As of May 9th, the available days of egg production inventory were 0.9 days, and the available days of circulation inventory were 1.52 days.

The recovery of terminal restocking became flat, and sales in the production area were average. Under the influence of the rainy season, the willingness to receive goods of the terminal was poor, and market pessimism had increased. Small and medium-sized eggs were under slight pressure, and there is no strong support for short-term demand. There was a strong wait-and-see sentiment in all aspects.

Market outlook

The egg market lacks strong conditions to support it, and it is expected that in the short term, egg prices may be mainly volatile and weaker.

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

Related Information
Energy
Chemical
1,3-butadiene | Acetic acid | Acetic anhydride | Acetone | Acrylic acid | Activated charcoal | Adipic acid | Aluminum fluoride | Ammonium nitrate | Ammonium sulfate | BDO | Benzene | Bisphenol A | Bromine | Butyl acetate | Butyl Acrylate | Calcium carbide | Calcium chloride | Calcium Formate | Caustic soda | Chlorinated Paraffin | Chloroacetic acid | Chloroform | CPL | Cryolite | Cyclohexane | DBP | Dichloromethane | Diethylene glycol | Dimethyl carbonate | DMF | DOP | DOTP | EA | ECH | Epoxy resin | Ethyl Acrylate | Ethylene oxide | Ferrous lithium phosphate | Flake caustic soda | Fluorite | Formaldehyde | Formic acid | Glycerol | Hexafluoropropylene | Hydrochloric acid | Hydrofluoric acid | Hydrogen peroxide | Hydrogenated benzene | IPA | Isobutanol | Isooctyl Acrylate | Liquid ammonia | Lithium carbonate | Lithium hydroxide | Maleic anhydride | MEK | Melamine | MIBK | N-butanol | N-butyraldehyde | N-Methylpyrrolidone | N-propanol | Neopentyl glycol | Nitric acid | Orthoboric acid | OX | PA | PAC | PAM | Paraformaldehyde | PCE | PEG | Phenol | Phosphate rock | Polysilicon | Potassium carbonate | Potassium chloride | Potassium nitrate | Potassium sulfate | Propane | Propylene | Propylene Glycol | Propylene oxide | PTFE | R134a | R22 | Resorcinol | Silica | Silicone DMC | Soda ash | Sodium acetate | Sodium Bicarbonate | Sodium metabisulfite | Stearic acid | Sulfur | Sulfuric acid | TDI | Titanium Dioxide | Titanium tetrachloride | Trichloroethylene | Urea | vitamin A | vitamin C | vitamin E |
Rubber & plastics
Textile
Non-ferrous metals
Steel
Building materials
Agricultural & sideline products