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, although there are many inquiries from merchants in the Forsythia market, the actual transaction volume is limited, and the supply of goods is mainly small batch sales. The market has temporarily stabilized, and the current price for qualified volatile oil products is between 100-110 RMB/kg, excluding inspection goods of 90-95 RMB/kg.

The production area of Forsythia in Sangping Town, Xixia County, Henan Province has a large supply source. The popularity of this product is still not high recently, and there are few merchants who come to search for it. The supply of goods is not moving fast, and the current price for package inspection is around 95 RMB/kg, while for non package inspection, it is around 85 RMB/kg. There are many merchants in Xixia County, Nanyang City who pay attention to the production of Forsythia, and they are rushing to list their products. However, the quality of the processing is currently poor, and the prices in the production area range from 60 to 80 RMB/kg, with normal movements.

Due to the continuous drought in the production area of Lingchuan County, Jincheng City, Shanxi Province, the phenomenon of falling fruit on the plants has attracted the attention of merchants. However, the purchasing power of merchants is still not strong, and holding merchants have begun to have a reluctance to sell. The price has slightly increased. Currently, the general price for goods is around 80 RMB/kg, and the price for goods with enough volatile oil is around 95 RMB/kg. The future market of this product depends on the weather conditions.

Forsythia is about to produce new varieties, and the weather during its flowering period is normal this year. It is expected that the production of Forsythia will gradually return to normal levels this year. Due to the lack of extreme weather stimulation, the heat of the Forsythia trading market is also continuing to cool, coupled with weakened demand from pharmaceutical factories. As prices continue to decline, there are more merchants seeking goods. However, due to lower prices, holders have increased their reluctance to sell. SunSirs analysis suggests that the Forsythia market may still remain strong in the short term, and the specific situation depends on the new production situation this year.

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