On July 9th, the Chinese herbal medicine index was 2,709 points, unchanged from yesterday, a decrease of 1.53% from the cycle's highest point of 2,751 points (2023-06-26), and an increase of 177.85% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30th, 2019 to present)

According to the price monitoring of SunSirs, in the 27th week of 2023 (7.3-7.7), there were 2 products that rose, 2 products that fell, and 4 products that rose or fell to 0 on the Chinese herbal medicine price list. The main commodities that rose were: Ophiopogon japonicus (1.21%) and Flos Lonicerae (1.06%); The main commodities that fell were: Forsythia (-2.41%) and Angelica (-1.85%). Last week's average increase or decrease was -0.25%.

According to the monitoring of the commodity market analysis system of SunSirs, last week, the bulk movement was normal on Wednesday and July, and the price was stable. Currently, the asking prices for 20 lots of goods in the market range from 240 to 250 RMB, 40 lots of goods range from 170 to 180 RMB, 60 lots of goods range from 160 RMB, 80 lots of goods range from 150 RMB, and 120 lots of goods range from 130 RMB.

There is not much trading in the Nanwenshan Sanchi market as a whole, with many sellers watching and prices stable. The transaction price for Sanchi unified goods is around 150 RMB/kg, the transaction price for 30 heads is around 160 RMB/kg, the cut price is 220-230 RMB/kg, and the unified price is 96-106 RMB/kg.

Last month, due to the impact of land policies, the price of Sanchi suddenly increased, but due to its large inventory, the price quickly fell back. This week, as the heat dissipates, the trading in the Sanchi market has become sluggish and sluggish. Business Society is expected to analyze whether the Sanchi market may operate stably in the short term.

With the continuous high temperature weather throughout the country, the Chinese herbal medicine market has entered the traditional off-season, with low overall trading volume, limited market hotspots, and limited attention from merchants. Some varieties that missed the price increase in the early stage have performed well in the near future, but clearly lack the drive of star varieties; The trading volume of the declining variety market this week has further shrunk, lacking practical digestion, and merchants are also unwilling to sell at reduced prices.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.