SunSirs: The Market Situation of Sanchi was Poor and the Trading was Bleak Last Week

On November 6, the index of traditional Chinese medicine was 1,486, unchanged from the previous day, 1.65% lower than the highest point of 1,511 (2022-10-20) in the cycle, and 52.41% higher than the lowest point of 975 on November 25, 2019. (Note: the cycle refers to the period from June 30, 2019 to now)

According to the price monitoring of SunSirs, in the 44th week of 2022 (10.31-11.4), there was a total of 1 rising commodity, 3 falling commodity and 4 zero rising and falling commodities in the list of prices of traditional Chinese medicine. The main commodities that rose were: Chinese wolfberry (0.58%); The main commodities that fell were Sanchi (-1.24%), Forsythia suspensa (-1.04%) and Ophiopogon japonicus (-0.42%). The average rise and fall last week was -0.27%.

The production of new products in the production area is still continuing. With the continuous listing of new products, although the merchants have paid attention, their purchasing efforts are still low, and the market prices of various specifications are low. At present, the price of 120 Sanchi is more than 90-95 RMB/kg, the price of 80 Sanchi is about 100 RMB/kg, the price of 60 Sanchi is 105 RMB/kg, the price of 40 Sanchi is about 110 RMB/kg, and the price of 20 Sanchi is about 170 RMB/kg.

The number of Panax notoginseng listed in Wenshan Denggao Market in Yunnan Province is growing at a rate of 5% every day, 90% of which are new goods. The market transaction volume is about 6 cities, and the transaction price is stable. At present, 80% of the goods on the market are new, with poor dryness and large difference in transaction prices. There are only a few small stocks, such as 80, 120 and countless. There are distributors in the market, and the specifications with large turnover are unified new goods and three-year cut of new goods. The transaction price of new products (a litter of chicken) is 66-80 RMB/kg; Three year cut new goods, the transaction price is 144-154 RMB/kg. The transaction price of 20-25 hats (new goods) is 105-120 RMB/kg.

Recently, the weather in Wenshan is very good. Most of the Panax notoginseng listed on the market have little water content and mud, so the gap between the transaction prices of fresh Panax notoginseng is not very large. The transaction price is about 22-28 RMB/kg.

This year, there is no obvious benefit from the disaster. The total output may be the same as last year. Buyers are more wait-and-see and prices are weak. The price of panax notoginseng continued to fall, which attracted many merchants' attention. Due to the sufficient supply of new and old goods, the business community analyzed that it was difficult to make a big breakthrough in the market in the short term.

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