SunSirs: China Wheat Prices have been Moving steadily Last Week (September 5-9)

https://www.chemnet.com   Sep 13,2022 SunSirs

According to the monitoring of SunSirs, the high price of domestic wheat market last week was relatively stable. The average price at the beginning of the week was 3,006.00 RMB/ ton, and the average price at the weekend was 3,008.00 RMB/ ton, a slight increase of 0.07%.

Entering September, the overall supply of wheat in the market was relatively sufficient, the demand for flour in the downstream continued to be low, the overall purchase and sales of manufacturers were stable, the attitude of the main body of grain storage trade was not reduced, the overall supply and demand of wheat market was stable, the overall price of domestic wheat market was in a dilemma, and the overall price of wheat was stable.As of August 25, various grain enterprises in the main production areas had purchased a total of 50.3 million tons of wheat, an increase of 800,000 tons year-on-year.

SunSirs wheat analyst believes that the overall purchase and sales of the wheat market are stable, and the market supply and demand are relatively balanced. It is expected that the price fluctuation of China domestic wheat market will be limited in the short term, and the overall situation will continue to be at the current level and move forward relatively steadily.

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