Egg Market: Trading Slows, Prices Weak(Sep 4)
Egg Market: Trading Slows, Prices Weak
Egg Market Analysis
Today, egg prices in major production areas were steady to slightly weaker. The average price of brown eggs was 4.94 yuan/jin, and the average price of pink eggs was 4.89 yuan/jin, with a price spread of 0.05 between brown and pink eggs. The average price in major production areas was 4.93 yuan/jin, down 0.02 compared to the previous trading day. Domestic demand failed to effectively drive egg prices higher, and the pace of market shipments slowed slightly compared to the earlier period. Traders' purchasing enthusiasm remained normal, with no significant increase observed. Overall, production area prices held steady today, lacking directional drivers.
Egg Market Prices
Egg Market Outlook
From the supply side: Supply-side pressure continues to accumulate. Egg production rates are gradually returning to normal levels as temperatures decline, and the number of newly laying hens is continuously increasing, making market supply increasingly abundant.
From the demand side: The concentrated procurement for the school season has entered its final stage, and the boost from institutional demand on the market has weakened significantly. With egg prices persistently running at high levels, resistance from end consumers and food enterprises toward high-priced supplies has intensified.
Overall, bullish and bearish factors are currently intertwined in the market, with a strong atmosphere of tug-of-war. Transaction sentiment across all segments has become cautious. Shipments in some low-price areas have improved slightly, but this is insufficient to form a trend-driven upward movement. It is expected that egg prices will remain generally stable tomorrow, with local areas potentially making flexible adjustments based on their own shipment pace, and price changes will be limited in both directions.
Egg Futures Trends
On September 4, the main contract 2610 of egg futures on the Dalian Commodity Exchange (DCE) opened at 3785, with a high of 3807, a low of 3777, and a settlement price of 3794, up 11/0.29%. Trading volume was 185,493 lots, and open interest was 129,571 lots.
Egg Index Analysis
According to calculations by Cold Chain Duoduo, the domestic egg spot price index on September 4 was 4.905, down 0.034 compared to the previous working day.
