Egg Weekly: Decline Eases; Market Awaits a Breakout(Nov 12)

November 12, 2026

LLDD-global

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Guide

Highlights at a glance

The egg market is witnessing a slowdown in price declines, with current average prices for red-shell eggs at CNY 4.07 per jin and pink-shell eggs at CNY 4.19 per jin. Supply-side pressure is increasing due to newly laying hens, while demand remains soft after e-commerce promotions faded. Farmer restocking sentiment diverges, with larger enterprises proceeding with steady plans and smaller farmers showing caution. On the demand side, supermarket, restaurant, and terminal purchases remain rigid with no clear growth drivers. The market is expected to stay range-bound, with slight adjustments in prices anticipated due to a balance between increasing supply and subdued demand.

Egg Weekly: Decline Eases; Market Awaits a Breakout

1. Domestic Egg Market Analysis

1.1 Egg Price Analysis

This week domestic egg quotes began to trend lower. As of Thursday, the average red-shell egg price was CNY 4.07 per jin, down CNY 0.17 per jin from last week; the average pink-shell egg price was CNY 4.19 per jin, down CNY 0.11 per jin week on week. Both red- and pink-shell prices edged down narrowly, and the red-pink gap widened to CNY 0.12 per jin. Newly laying hens keep increasing, supply-side pressure is gradually accumulating, and market supply is fairly ample. The price support from earlier e-commerce promotions has largely faded, no new positive demand-side driver has taken over, and supermarket and terminal purchases have returned to a rigid-demand pace; the supply-demand balance is gradually turning loose. The short-term decline has nevertheless slowed somewhat, local sales have improved slightly, and market sentiment has recovered a little; the egg market remains in a downtrend.

Producing areas: As of Thursday, the average price in major producing areas was CNY 4.08 per jin, down CNY 0.17 from last Thursday.

Selling areas: As of Thursday, the average price in major selling areas was CNY 4.19 per jin, down CNY 0.08 from last Thursday.

1.2 Egg Price Charts

1.3 Regional Price Comparison This Week

2. Layer Flock Inventory and Culling Analysis

2.1 Inventory

In terms of total inventory, farmers are currently in a slim-profit position with limited room to make money. Some small and medium growers worry about the market outlook and hold average restocking willingness with strong wait-and-see sentiment; larger enterprises, however, proceed with restocking steadily according to set plans at a relatively even pace, providing some price support. Overall, restocking sentiment among farmers is divided; short-term restocking stays mainly steady, and a large swing in total inventory is unlikely.

2.2 Culling

In this cycle egg prices continued to edge lower with a soft bias, and farmer sentiment divided: some growers lowered their outlook and culled on trend, while others, seeing current profitability as acceptable, kept birds longer and waited to see; culling pace varies. On the demand side, downstream terminal sales are ordinary, slaughterhouses buy to order, and purchasing enthusiasm is low.

3. Demand Analysis

On the demand side, after the Double 11 stocking rally ended, the e-commerce pull has continued to weaken and its support to the market has clearly diminished. Supermarket and restaurant restocking is slow, purchases are rigid-demand based, and proactive restocking willingness is weak; trading remains on the light side. Regional sales continue to diverge, with some areas doing okay and others still flat, and overall demand lacks any clear positive driver.

4. Outlook

On the supply side, as temperatures fall, laying rates are in a recovery channel and daily egg output is up month on month. Earlier-hatched chicks are gradually entering lay; newly laying hens are climbing toward a phased peak, and new egg supply keeps releasing.

On the demand side, with stocking winding down, demand has turned soft. Terminal consumption and food-enterprise purchasing have both returned to a to-order pace with no sustained volume growth; after egg prices reached a relatively high level, downstream acceptance of high prices has clearly weakened, and the trade channel lacks willingness to chase highs.

Overall, the egg market is in a range-bound, soft-biased pattern with a floor below and a ceiling above. The floor comes from low temperatures extending egg storage time and from farmers and traders rotating inventory to support the bottom; the ceiling comes from continued supply growth of new layers and retained late-cull old hens, and the loose supply pattern has not changed. The expected adjustment is around CNY 0.2–0.3 per jin, with the major producing-area average at CNY 3.70–3.90 per jin.

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