Price trend

According to the monitoring of the Commodity Market Analysis System of SunSirs, the egg price was 9.27 RMB/kg at the beginning of this week, and 9.10 RMB/kg at the end of this week. The price decreased by 1.83%, and the price decreased by 4.01% compared to the same period last year.

Analysis review

In terms of spot prices, egg spot prices continued to decline slightly. The weather was gradually getting hotter, making it more difficult to store eggs. Coupled with the high inventory level, egg prices were under pressure. As of May 9th, the available days of egg production inventory were 0.9 days, and the available days of circulation inventory were 1.52 days.

The recovery of terminal restocking became flat, and sales in the production area were average. Under the influence of the rainy season, the willingness to receive goods of the terminal was poor, and market pessimism had increased. Small and medium-sized eggs were under slight pressure, and there is no strong support for short-term demand. There was a strong wait-and-see sentiment in all aspects.

Market outlook

The egg market lacks strong conditions to support it, and it is expected that in the short term, egg prices may be mainly volatile and weaker.

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