SunSirs: China Wheat Prices remain Stable and move Upward Last Week (July 3-7)
July 11 2023 15:19:11 SunSirs (Selena)
According to the Commodity Market Analysis System of SunSirs, the overall price of domestic wheat market remained stable and advanced last week. The average price at the beginning of the week was 2,806.00 RMB/ton, and the average price at the weekend was 2,806.00 RMB/ton, which was generally unchanged.
In July, as downstream enterprises gradually come to an end in centralized warehouse construction, the situation of enterprise price increases and restocking has eased, and the overall purchase and sales of domestic wheat market have weakened. Currently, the quality differentiation of the domestic wheat market is still serious, and the situation of high-quality and affordable wheat market is more obvious. In July, universities and colleges have successively taken vacations, and the demand for terminal flour has become even more sluggish. The overall supply and demand of the wheat market is relatively sufficient, and the overall supply and demand of the wheat market are stable, The overall price of domestic wheat market remains stable and moving forward.
SunSirs wheat analysts believe that after the summer, the demand for terminal flour will weaken, and the construction of enterprise warehouses will come to an end. The overall supply and demand of the wheat market is stable, supported by serious quality differentiation, and will continue to operate with high quality and good prices in the future.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-04-24 SunSirs: China Wheat Prices Fluctuated Downward Last Week (April 15-19)
- 2024-04-07 SunSirs: China Wheat Market Fluctuated, with an Overall Decline of over 5% in the First Quarter of 2024
- 2024-04-03 SunSirs: China Domestic Wheat Prices Fluctuated and Declined in March
- 2024-03-26 SunSirs: China Wheat Prices Remained Weak Last Week (March 18-22)
- 2024-03-20 SunSirs: Strong Supply and Weak Demand, China Wheat Prices Sustained Weak
