On June 6th, the Chinese herbal medicine index was 2,098 points, a decrease of 10 points from yesterday, a decrease of 25.02% from the highest point of 2,798 points in the cycle (2023-08-10), and an increase of 115.18% 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 23rd week of 2024 (6.03-6.07), there were 0 rising and 4 falling products on the price list of Chinese medicinal materials, and 4 products with zero rise and fall. The main commodities falling include Angelica (-1.72%), Astragalus membranaceus (-0.84%), Codonopsis pilosula (-0.72%).

According to the monitoring of the commodity market analysis system of the SunSirs, the market situation of Ophiopogon japonicus is relatively high, and most merchants purchase according to demand plans. The main source of goods is small batch transactions, and the price has not fluctuated in the near future. The current price of Sichuan unified goods is between 135-140 RMB/kg.

Sichuan Santai Ophiopogon has been positively affected by low-priced pharmaceutical companies in the early stage of production. Recently, the temperature has risen, and Ophiopogon has entered major cold storage areas. The production areas of Sichuan Ophiopogon have also ushered in a off-season, with weak market trends and reduced demand for goods. Currently, the price of unified goods is between 120-135 RMB/kg, special goods are between 140-150 RMB/kg, primary goods are between 132-140 RMB/kg, secondary goods are between 125-130 RMB/kg, and tertiary goods are between 110-115 RMB/kg.

It has been a month since the new production of Ophiopogon japonicus has ended, and currently there is still a relatively abundant inventory in the production area. Due to different cost prices for purchasing this year, some holders of Ophiopogon japonicus, which operates at a high level, are more susceptible to psychological instability in the weak market during the off-season. Business analysis suggests that the future market situation of Ophiopogon japonicus still depends on the actual digestion during the off-season in the production area.

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