Eggs: Festival Effect Fades, Are Egg Prices Turning?(Sep 11)
Eggs: Festival Effect Fades, Are Egg Prices Turning?
Egg Market Analysis:
Today, egg prices in major producing regions showed mixed movements. The average price for brown eggs was 5.17 yuan per jin, and the average price for pink eggs was 5.27 yuan per jin, with the brown-pink egg price spread narrowing to 0.10. The average price at major production areas was 5.17 yuan per jin, unchanged from the previous trading day. Stocking demand for the Mid-Autumn Festival is still being released, providing interim support to the market. However, as egg prices rise, downstream players' acceptance of high-priced supplies has declined. Purchasing attitudes have become more cautious, with most buyers purchasing based on their own sales performance and restocking as needed, showing limited willingness to hoard. Market performance has been differentiated, and egg prices overall have shown mixed movements.
Egg Prices in Major Production Areas:
|
Region |
Market |
Price |
Previous |
Change |
Notes |
|
East China |
Nantong Hai'an |
5.10 |
5.10 |
0.00 |
Basket price delivered |
|
|
Dezhou Ningjin |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
|
Suzhou Lingbi |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
|
Xuzhou Juning |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
|
Rizhao Lanshan |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
|
Jining Sishui |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
Central China |
Hubei Xiantao |
5.20 |
5.20 |
0.00 |
Spot price incl. box |
|
|
Hubei Xishui |
5.42 |
5.42 |
0.00 |
Spot price incl. box |
|
|
Xinxiang Changheng |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
|
Xinyang Gushi |
5.20 |
5.10 |
0.10 |
Basket price delivered |
|
Northeast China |
Harbin Lalin |
5.20 |
5.30 |
-0.10 |
Basket price delivered |
|
|
Changchun Dehui |
5.10 |
5.20 |
-0.10 |
Basket price delivered |
|
|
Jinzhou Heishan |
4.90 |
4.90 |
0.00 |
Box price delivered |
|
|
Shenyang Liaozhong |
5.00 |
5.10 |
-0.10 |
Basket price delivered |
|
North China |
Shijiazhuang Xinji |
4.67 |
4.78 |
-0.11 |
Basket price delivered |
|
|
Baoding Tangxian |
5.22 |
5.33 |
-0.11 |
Basket price delivered |
|
|
Cangzhou Cangxian |
5.20 |
5.20 |
0.00 |
Basket price delivered |
|
|
Handan Guantao |
4.82 |
4.82 |
0.00 |
Box price (three-wheeler) |
|
|
Hengshui Raoyang |
4.67 |
4.78 |
-0.11 |
Net weight spot price |
|
Southwest China |
Kunming Guandu |
5.56 |
5.56 |
0.00 |
Basket price delivered |
|
|
Wenjiachang |
5.40 |
5.40 |
0.00 |
Net weight spot price |
Egg Market Forecast:
From the supply side, new production increases are stable. High egg prices and falling cull hen prices have led some farmers to hold back on selling, but overall marketings are still increasing. However, high prices have deterred terminal buyers, with slower sales and accumulating inventory risks that warrant caution.
From the demand side, the peak season for food factories is coming to an end. The Mid-Autumn Festival still provides some festival effect support, but demand is concentrated on premium small-to-medium eggs for gift boxes, while regular eggs are selling moderately, and overall demand cannot be driven up.
Overall, the festival effect still provides some support to demand, but stocking has entered its final phase and demand release is moderating. On the supply side, new production is stable and culling continues, with inventory accumulation risks. Egg prices are expected to remain mostly stable with weak tendencies and mixed movements, with insufficient momentum for further significant gains.
Egg Futures Trend:
The DCE egg futures main contract 2611 opened at 3,828, reached a high of 3,845, a low of 3,791, settled at 3,817, down 11 points (0.29%), with trading volume of 286,534 contracts and open interest of 267,864 contracts.
Egg Index Analysis:
According to data calculated by Cold Chain Duoduo, China's egg spot price index was 5.24, down 0.008 from the previous working day.
