SunSirs: Codonopsis pilosula Market is in the Traditional Off-season in China

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, few days ago, there was hail weather in the Longnan area of Gansu Province, causing some seedlings to be damaged on the ground, but the impact was not significant. The supply of Codonopsis pilosula in the market has been sluggish recently, and the market has slightly loosened. The price of small strips is around 160 RMB.

The shipment volume of Codonopsis pilosula in Minxian County market is still not large. The market has a small flow of people, with scattered buyers, most of whom are watching and chatting. A small number of local merchants purchase suitable goods according to their needs, resulting in a small number of transaction sources. Overall trading has slowed down, with weak transaction prices. The transaction price of Xiaotiao from Codonopsis pilosula Pharmaceutical Factory is around 143-152 RMB/kg; The transaction price for specifications ranging from 0.4 to 0.6 is between 150 to 158 RMB/kg; The transaction price for specifications ranging from 0.6 to 0.8 is 160 to 167 RMB/kg; The transaction price for specifications 0.8-1.0 is between 168-172 RMB/kg, and for specifications above 1.0, the transaction price is above 175 RMB/kg.

With the rise in the price of Codonopsis pilosula, businesses have mostly stopped and watched, with only perennial business owners purchasing in small quantities. At present, the market of Codonopsis pilosula is at a historical high. Although buyers have an intention to lower prices, holders have a strong reluctance to sell and are unwilling to lower prices. Business analysis suggests that the price of Codonopsis pilosula may remain high and firm in the short term.

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.

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