Eggs: Double Eleven Approaches, Can Prices Hold Steady?(Nov 4)

Eggs: Double Eleven Approaches, Can Prices Hold Steady?

Egg Market Analysis

Today, egg price quotes in main production areas were primarily stable, with minor adjustments in some regions. The average red egg price was 4.21 yuan/jin, and the average pink egg price was 4.26 yuan/jin, with the red-pink price spread widening to 0.05. The main production area average price was 4.22 yuan/jin, stable compared to the previous trading day. Overall supply from production areas remains stable. With the Double Eleven e-commerce festival approaching, e-commerce platform restocking is acceptable, and phased demand has been partially released. However, the terminal market's capacity to absorb high prices is limited, with procurement still primarily driven by essential demand, and high-price transaction follow-through is insufficient. Today, production area prices continued a stable adjustment pattern, with minor fluctuations in some regions based on shipment flow. The market overall lacks significant directional drivers.

Egg Market Price

Egg Market Outlook

Supply Side

As temperatures decline, laying rates are seasonally recovering. After egg prices rose and stabilized, layer farming profitability has improved. Culling sentiment among breeders is mixed, with some enterprises adopting a wait-and-see attitude toward extended rearing.

Demand Side

With the Double Eleven e-commerce festival approaching, e-commerce platform restocking is acceptable, and phased demand has been partially released. However, supermarket and terminal shipment flows are ordinary, with procurement primarily driven by essential demand. The capacity to absorb high prices is limited, and the overall demand side lacks significant favorable drivers.

Overall Assessment

Overall, the coexistence of increasing supply and weakly stable demand means that egg prices lack upward momentum but have downside support. In the short term, prices are expected to maintain stable, narrow-range adjustments, with minor local fluctuations based on shipment flow.

Egg Futures Trend

On November 4, the Dalian Commodity Exchange (DCE) egg futures main contract 2612 opened at 3,569, with a high of 3,599, a low of 3,530, and a settlement price of 3,568, up 41/1.15%. Trading volume was 518,888 lots, with open interest at 218,926 lots.

Egg Index Analysis

According to Cold Chain TDD data calculations, on November 4, the domestic egg spot price index was 4.245, up 0.025 compared to the previous working day.