Eggs: Surge Continues, Chase with Caution （August 18）
Eggs: Continued Surge! Think Twice Before Chasing Highs!
Egg Market Analysis
Today, egg prices in major production areas showed a mix of increases and stability. The average price of red eggs was 5.19 yuan/jin, and the average price of pink eggs was 5.15 yuan/jin, with the price spread slightly widening to 0.04. The average price in major production areas was 5.18 yuan/jin, up 0.03 yuan/jin compared to the previous trading day.
Today, most regions of the national egg market maintained a stable trend, with a few regions continuing their upward trend. In production areas, pink egg market sales slowed somewhat, while the red egg market remained persistently strong. Inventories across all supply chain segments increased slightly but remained at relatively low levels. Downstream purchasing sentiment remained high, and market sales were decent. However, as egg prices continued to rise, cautious purchasing sentiment also began to warm up.
Egg Market Prices
August 18 Major Production Area Egg Market Prices (Unit: yuan/jin)
|
Region |
Market |
Aug 18 |
Aug 17 |
Change |
Remarks |
|
East China |
Nantong Hai'an |
5.20 |
5.20 |
0.00 |
Basket delivery to household |
|
East China |
Dezhou Ningjin |
5.07 |
5.07 |
0.00 |
Basket delivery to household |
|
East China |
Suzhou Lingbi |
5.13 |
5.13 |
0.00 |
Basket delivery to household |
|
East China |
Xuzhou Suining |
5.13 |
5.13 |
0.00 |
Basket delivery to household |
|
East China |
Rizhao Lanshan |
5.20 |
5.20 |
0.00 |
Basket delivery to household |
|
East China |
Jining Sishui |
5.10 |
5.10 |
0.00 |
Basket delivery to household |
|
Central China |
Hubei Xiantao |
5.11 |
5.11 |
0.00 |
Boxed egg point price (incl. box) |
|
Central China |
Hubei Xishui |
5.36 |
5.36 |
0.00 |
Boxed egg point price (incl. box) |
|
Central China |
Xinxiang Changyuan |
5.10 |
5.10 |
0.00 |
Basket delivery to household |
|
Central China |
Xinyang Gushi |
5.10 |
5.10 |
0.00 |
Basket delivery to household |
|
Northeast China |
Harbin Lalin |
5.30 |
5.20 |
0.10 |
Basket delivery to household |
|
Northeast China |
Changchun Dehui |
5.20 |
5.10 |
0.10 |
Basket delivery to household |
|
Northeast China |
Jinzhou Heishan |
4.90 |
4.90 |
0.00 |
Box delivery to household |
|
Northeast China |
Shenyang Liaozhong |
5.10 |
5.00 |
0.10 |
Basket delivery to household |
|
North China |
Shijiazhuang Xinji |
4.64 |
4.62 |
0.02 |
Basket delivery to household |
|
North China |
Baoding Tangxian |
5.33 |
5.22 |
0.11 |
Basket delivery to household |
|
North China |
Cangzhou Cangxian |
5.20 |
5.10 |
0.10 |
Basket delivery to household |
|
North China |
Handan Guantao |
4.78 |
4.78 |
0.00 |
Box delivery by tricycle |
|
North China |
Hengshui Raoyang |
4.64 |
4.62 |
0.02 |
Boxed egg point price |
|
Southwest China |
Kunming Guandu |
5.44 |
5.44 |
0.00 |
Basket delivery to household |
|
Southwest China |
Wenjiachang |
5.10 |
5.10 |
0.00 |
Net weight egg point price |
Egg Market Outlook
From the supply side: As high temperatures ease, expectations of increased supply remain. Recent egg price gains have been significant, and market purchasing sentiment has turned slightly cautious. Inventories across all supply chain segments are beginning to show an upward trend.
From the demand side: The Mid-Autumn Festival peak purchasing season for food factories has arrived as expected. Coupled with the gradual easing of high temperatures and the approach of month-end, demand from school catering is also expected to improve. Peak-season demand purchasing continues.
Overall, the supply-demand tug-of-war is intensifying. After sustained price increases, some markets have temporarily entered a plateau. With cautious sentiment warming up, the pace of egg price increases is expected to slow going forward.
Egg Futures Trends
On August 18, the Dalian Commodity Exchange (DCE) egg futures main contract 2610 opened at 3903, with a high of 3914, a low of 3861, and a settlement price of 3887, down 59/1.50%. Trading volume was 582,576 lots, and open interest was 297,395 lots.
Egg Index Analysis
According to Lenglian Duoduo data calculations, the domestic egg spot price index on August 18 was 5.162, up 0.016 from the previous working day, a gain of 0.311%.
