Egg Market: Supply‑Demand Shift, Prices Stall（Sep 2）
Egg Market Analysis: Supply and Demand "Shifting Gears" — Prices Stall
Egg Market Analysis
Today, egg quotations in major production regions were overall stable. The average price of red-shell eggs was 4.96 CNY/jin, and the average price of pink-shell eggs was 4.97 CNY/jin, with a price spread of 0.01 between red and pink eggs. The average price in major production areas was 4.93 CNY/jin, flat compared to the previous trading day. The egg market was generally stable today. Back-to-school stocking has largely concluded, concentrated procurement demand has faded, and the pace of market shipments has slowed. Trader enthusiasm for purchasing has declined, production areas lack new positive catalysts, and upward price momentum is insufficient.
Egg Market Prices
Egg Market Outlook
On the supply side, concentrated procurement for the school season has entered its final stage, and the boost from institutional catering demand to the market has weakened significantly. With egg prices persisting at high levels, resistance from end consumers and food enterprises to high-priced supplies has intensified. Traders are generally cautious, mostly procuring based on sales volume and selling as they buy, with low willingness to stockpile.
On the demand side, concentrated procurement demand has faded, the pace of end-market shipments has slowed, and overall performance is rather flat. The trading segment lacks confidence in the market outlook, with procurement becoming cautious and mostly maintaining essential needs-based purchasing. Under the dual impact of slowing shipments and cautious procurement, inventory has begun to slightly accumulate in some regions, and supply pressure may gradually emerge going forward.
Overall, the market is currently in a long-short tug-of-war, and prices are expected to remain range-bound with fluctuations in the short term. As mid-September approaches and Mid-Autumn Festival stocking concludes, seasonal demand will decline, combined with continuously increasing supply, and downward pressure on egg prices will significantly intensify.
Egg Futures Trends
On September 2, the DCE egg futures main contract 2610 opened at 3,751, with a high of 3,778, low of 3,731, and settlement price of 3,760, down 25/0.66%. Trading volume was 267,053 lots, with open interest at 162,314 lots.
Egg Index Analysis
According to Cold Chain Duoduo data estimates, the domestic egg spot price index on September 2 was 4.973, flat compared to the previous working day.
