SunSirs: The Market Price of Astragalus is recently Stable in China

https://www.chemnet.com   Jun 12,2024 SunSirs

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 (-0.84%), Codonopsis pilosula (-0.72%).

According to the monitoring of the commodity market analysis system of the SunSirs, the supply of Astragalus in the market is moving smoothly in small batches. Due to stable incoming goods from the production area and sufficient market supply, there is no significant fluctuation in the market. Currently, the price of small melon seed slices is generally between 35-40 RMB/kg, with moderate prices ranging from 50-55 RMB/kg and large quantities ranging from 65-70 RMB/kg.

There is a supply of Astragalus from WeiRMB County, Dingxi City, Gansu Province. Recently, the attention of merchants is not high, and they are not actively purchasing. The overall movement of the supply is not ideal, and some holding merchants are anxious. The market has slightly declined compared to the previous period. The 0.6-0.8cm specification Astragalus is priced at 30-34 RMB/kg, and the 1.0-1.2cm specification Astragalus is priced at 45-48 RMB/kg. The transaction price of medicinal plant Astragalus is around 17.5-18.5 RMB/kg, the net Astragalus is priced at 22-25 RMB/kg, and the transaction price of Astragalus is priced at 14.5-15.5 RMB/kg.

At present, the annual market demand of astragalus is close to 90,000 tons, about half of which is used as decoction pieces and the rest as raw materials of traditional Chinese patent medicines and simple preparations. Driven by the current aging and favorable policies of traditional Chinese medicine, the demand is expected to rise moderately in the future. Huangqi has many production areas and a large planting area. Although there is a large demand, the overall situation of oversupply has not changed.

Astragalus has strong adaptability, a wide range of production areas, high yield per mu, and is less affected by natural disasters, making it a relatively stable variety in production. This year, the price of Astragalus seedlings is low and the weather is good. According to reports from farmers in various regions, the planting area of Astragalus has not significantly decreased this year, and the area of Inner Mongolia is basically the same as last year. As the current price of Astragalus is not high, SunSirs analysis believes that the price of Astragalus has not changed much recently and is mainly stable.

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