On March 7th, the Chinese herbal medicine index was 2,364 points, a decrease of 20 points from yesterday, a decrease of 15.51% from the highest point of 2,798 points in the cycle (2023-08-10), and an increase of 142.46% from the lowest point of 975 points on November 25th, 2019. (Note: The cycle refers to June 30, 2019 to present)

According to the price monitoring of SunSirs, in the 10th week of 2024 (3.04-3.08), 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 rising commodities include Angelica (+0.47%) and Codonopsis pilosula (+0.28%); The main commodities falling are: Ophiopogon Japonicus (-20.86%) and Forsythia (-1.46%).

According to the monitoring of the commodity market analysis system of the SunSirs, the supply of Codonopsis pilosulas is good. The market supply of goods has been sold in bulk, and the current market Codonopsis pilosula large bar price is between 170-180 RMB/kg, medium bar price is between 150-160 RMB/kg, small bar price is between 140-150 RMB/kg, market total price is between 160-170 RMB/kg, and selection price is between 180-220 RMB/kg. The listing volume of the place of origin has skyrocketed, the market is afraid of high prices, and the trading volume is not high.

After the New Year, the popularity of Codonopsis pilosula in the Minxian market is high, and buyers are actively seeking goods, resulting in a significant increase in prices. With the surge in the volume of Codonopsis pilosula shipments, purchasing enthusiasm has dissipated, and the market has turned cold. At present, there is not much foot traffic in the market, and local enterprises purchase large quantities of Codonopsis pilosula according to demand; Processors purchase a small amount of sliced goods. The trading of Codonopsis pilosulas has slowed down, and buyers are more picky in their purchases, indicating a clear intention to lower prices. The overall sales are not fast, and the transaction price is weak. At present, the transaction price of Dangshen Pharmaceutical Factory below 0.4cm is around 136-140 RMB/kg; The transaction price for specifications 0.4-0.6 is between 142-148 RMB/kg; The transaction price for 0.6-0.8 specifications is 150-155 RMB/kg; The transaction price for specifications 0.8-1.0 is between 158-166 RMB/kg, and for specifications above 1.0, the transaction price is above 168 RMB/kg.

Despite being stimulated by high prices for more than two consecutive years, the planting area of Codonopsis pilosula will expand. However, the market demand for Codonopsis pilosula is high, and inventory is extremely weak. Only with overproduction for two consecutive years can prices fall back to lower levels. After the year, with active procurement by pharmaceutical companies and buyers, the market for Codonopsis pilosula began to rise. Currently, the heat has cooled slightly, and the market has slightly declined. SunSirs analysis suggests that the Codonopsis pilosula market may operate steadily in the short term.

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