SunSirs: Transaction Light, China Egg Prices are Falling
December 25 2023 15:43:35 SunSirs (Selena)
According to the monitoring of the commodity market analysis system of SunSirs, the price of eggs was 9.31 RMB/kg at the beginning of last week, and 8.75 RMB/kg at the end of last week, a decrease of 6.02%.
Due to the impact of snowfall weather in many areas, road transportation is restricted and shipments are not smooth. There is a backlog of goods in some markets, and terminal consumption in the market continues to be sluggish. Market transactions are relatively light, and buyers in various links are cautious, mainly actively clearing inventory. Prices have fallen under pressure at the end of the week, and the current decline in egg prices has exceeded expectations.
Egg prices have significantly declined, with insufficient market confidence and a clear bearish sentiment. It is expected that egg prices will stabilize after falling next week, and attention should be paid to the impact of weather on road transportation and inventory in production areas.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
- 2024-05-16 SunSirs: Daily Report of China Bulk Commodity Data (May 16, 2024)
- 2024-05-14 SunSirs: Transaction Accelerating, China Egg Prices is Rising
- 2024-04-26 SunSirs: Demand Support, China Egg Prices are Rising
- 2024-04-19 SunSirs: During the Off-season of Consumption, China Egg Prices have Fallen
- 2024-04-12 SunSirs: Weak Consumption, China Egg Prices is Falling
