Eggs: Unstoppable! Prices Keep Rising!
Egg Market Analysis:
Today, egg prices in main production areas remained in a strong upward adjustment. The average price of brown-shell eggs was 4.89 CNY/jin and white-shell eggs 4.99 CNY/jin, with the spread narrowing to 0.10. The average price in main production areas was 4.9 CNY/jin, up 0.11 CNY/jin compared to the previous trading day.
Today's National Egg MarketContinues Upward Trend。High temperatures have gradually eased, downstream stocking sentiment has improved. With egg prices rising consecutively, inventory at all levels remains low, stimulating continued strengthening of purchasing willingness. Market supply circulation has accelerated, compounded by the gradual release of Mid-Autumn Festival stocking, and bullish sentiment prevails in the industry.
Egg Market Price:
|
Aug 14 Main Production Area Egg Market Price (Unit: CNY/jin) |
|||||
|
Region |
Market |
Aug 14 |
Aug 13 |
Change |
Remarks |
|
East China |
Nantong Haian |
4.90 |
4.80 |
0.10 |
Basket-packed farm-gate price |
|
Dezhou Ningjin |
4.73 |
4.63 |
0.10 |
Basket-packed farm-gate price |
|
|
Suzhou Lingbi |
4.87 |
4.73 |
0.14 |
Basket-packed farm-gate price |
|
|
Xuzhou Suining |
4.87 |
4.77 |
0.10 |
Basket-packed farm-gate price |
|
|
Rizhao Lanshan |
4.85 |
4.75 |
0.10 |
Basket-packed farm-gate price |
|
|
Jining Sishui |
4.85 |
4.75 |
0.10 |
Basket-packed farm-gate price |
|
|
Central China |
Hubei Xiantao |
4.96 |
4.91 |
0.05 |
Box-included egg station price |
|
Hubei Xishui |
5.20 |
5.16 |
0.04 |
Box-included egg station price |
|
|
Xinxiang Changyuan |
4.85 |
4.75 |
0.10 |
Basket-packed farm-gate price |
|
|
Xinyang Gushi |
4.85 |
4.75 |
0.10 |
Basket-packed farm-gate price |
|
|
Northeast China |
Harbin Lalin |
4.90 |
4.70 |
0.20 |
Basket-packed farm-gate price |
|
Changchun Dehui |
4.73 |
4.60 |
0.13 |
Basket-packed farm-gate price |
|
|
Jinzhou Heishan |
4.60 |
4.50 |
0.10 |
Box-packed farm-gate price |
|
|
Shenyang Liaozhong |
4.70 |
4.60 |
0.10 |
Basket-packed farm-gate price |
|
|
North China |
Shijiazhuang Xinji |
4.44 |
4.22 |
0.22 |
Basket-packed farm-gate price |
|
Baoding Tangxian |
4.84 |
4.71 |
0.13 |
Basket-packed farm-gate price |
|
|
Cangzhou Cangxian |
4.80 |
4.70 |
0.10 |
Basket-packed farm-gate price |
|
|
Handan Guantao |
4.58 |
4.44 |
0.14 |
Box-packed tricycle delivery |
|
|
Hengshui Raoyang |
4.44 |
4.22 |
0.22 |
Box-packed egg station price |
|
|
Southwest China |
Kunming Guandu |
5.33 |
5.33 |
0.00 |
Basket-packed farm-gate price |
|
Wenjiachang |
5.10 |
5.10 |
0.00 |
Net-weight egg station price |
|
Egg Market Outlook:
On the supply side, rising egg prices have stimulated farmers to hold back and wait during the peak season. Combined with currently acceptable layer farming profitability and relatively normal restocking by large enterprises, egg supply inventory is expected to improve.
On the demand side, food factory Mid-Autumn peak purchasing has arrived as expected. Combined with the gradual easing of high temperatures, downstream procurement and stocking demand is being released progressively.
Overall, the market is relatively aligned in expecting future egg price increases. Purchasing pace at all levels is accelerating, overall trading sentiment is optimistic, and the market is expected to still have room for further gains.
Egg Futures Trend:
On Aug 14, the Dalian Commodity Exchange (DCE) egg futures main contract 2610 opened at 3934, with a high of 3960, low of 3905, and settlement price of 3931, up 43/1.10%. Trading volume was 577,054 lots, and open interest was 285,595 lots.
Egg Index Analysis:
According to Cold Chain Duoduo data, the domestic egg spot price index on Aug 14 was 4.96, up 0.089 or 1.827% compared to the previous working day.
