SunSirs: The Supply of Angelica is Slow in China, and the Market is Unstable recently

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%).

Angelica: According to the monitoring of the commodity market analysis system of the SunSirs, the supply of Angelica in the market is moving slowly, and the production areas are gradually replenishing the supply. Recently, the market has been unstable, and the average price for box packaging is between 135-140 RMB/kg, with a total price of around 150-155 RMB/kg.

Minxian County has a high flow of people in the market, and high-quality goods are sought after by buyers, while low-quality goods are sought after by fewer customers. There is a clear intention to lower prices during procurement, and the shipper cherishes the goods, resulting in a stalemate in the transaction. Part of the goods are sold along with the shipper. The overall sales are not fast, and the transaction price has declined slightly. The transaction price of second-hand pharmaceutical factories is between 82-85 RMB/kg; The transaction price of the new product Danggui Pharmaceutical Factory is between 86-88 RMB/kg; The transaction price of Danggui Xiaotiao is 95-108 RMB/kg; The transaction price of Danggui Zhongtiao is between 110-115 RMB/kg; The transaction price of Angelica bars (with good bars) is above 123 RMB/kg.

Although the prices of new products produced by Angelica have fallen in 2023, they still remain strong at over 100 RMB and remain at a high level. Additionally, due to the impact of drought in the previous two years, the overall inventory of Angelica is not high, and the Angelica market is susceptible to various factors. At the end of June, it was reported that Angelica was affected by rainstorm and hail in the production area of Gansu. The number of merchants searching for goods in the production area increased rapidly, and the price increased by nearly 10 RMB. The final impact of the production area was not significant. The transaction slowed down again this week, the overall turnover became smaller, and the price fell again. According to the analysis of the business community, the market of Angelica would still fluctuate slightly with the market supply and demand in the short term. In the future, attention should be paid to its planting area and future weather conditions.

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