SunSirs: China Wheat Prices Remained Stable and Advanced Last Week (December 11-15)
December 20 2023 14:18:46 SunSirs (Selena)
According to the commodity market analysis system of SunSirs, the domestic wheat market prices remained relatively stable at a high level last week, with an average price of 2,946.00 RMB/ton at the beginning of the week and 2,946.00 RMB/ton at the end of the week.
Entering mid December, due to the impact of rainy and snowy weather, the difficulty of wheat transportation has increased. Downstream flour demand remains sluggish, and enterprise procurement is relatively cautious. The overall purchase and sales of domestic wheat market are relatively light, with a long short game. The overall price of wheat market is in a dilemma of rising and falling. Last week, the overall price of domestic wheat market remained stable and moving forward.
The wheat analyst from SunSirs believes that in the short term, the domestic wheat market prices will continue to maintain a slight consolidation at the current level through a long short game.
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