pokertablesforsalenearme| The purchase prices of some oil plants continue to be lowered, and the quotations in peanut producing areas are weakening and adjusted.
Source: China Grain Network
On May 15, the purchase price of large-line rice at Panjin Yihai Kerry Oil Plant was significantly lowered, and the contract price was adjusted from 8450 yuan/ton to 8100 yuan/ton, which hit market confidence. The contract price of peanut futures PK2410 immediately fell to 100 yuan, which continued to weaken and fluctuate yesterday. It has also brought great pressure on the mentality of holding prices. Spot trading prices in northeastern producing areas have also begun to weaken from strong. Prices in Henan producing areas have continued to be weak. Quotes in other producing areas have basically no significant fluctuations. However, due to light trading, the market has stabilized and weakened, and the center of gravity of trading prices has sunk. On May 16, the contract price of Qingdao Yihai Kerry Small Line Rice continued to be lowered by 50 yuan to 8350 yuan/ton.
Market sales are slow, the consumption of commercial rice in the production area is slow, and the mentality of sellers holding prices is relatively fragile. The purchase price of oil plants has been falling and falling, and some holders have gradually wavered in their support of prices and slightly lowered their shipping prices.
Combined with the current purchase and sales performance, the peanut market has a negative atmosphere, and it is difficult for the peanut market to show a trend.pokertablesforsalenearmeThe improvement is mainly reflected in the following: 1. The deviation of the demand environment, market sales have remained sluggish for a long time, and the oil factory's willingness to purchase is not good. The transaction price center of Luhua Oil Factory continues to fall, and only some factories have received goods that are acceptable. Other factories have limited arrival volume or stopped collection. Yihai Oil Factory strictly controls quality, limits acquisitions, and continues to reduce the price of acquisition contracts. 2. On the contrary, supply is abundant. Whether it is at the grassroots level or intermediate links, it is reported that the surplus volume is large compared with previous years. At the same time, as the market continues to sluggish and the temperature continues to rise, the supplier's shipping mentality is gradually loosening.
Therefore, in an environment of loose supply and demand, peanut prices do not have the conditions to continue to rise. Of course, the space for commercial rice prices to continue to decline in the short term after deep adjustment is also narrowing. On the one hand, inventory costs are generally high, and in addition, oil rice continues to depreciate, and the processing cost of commercial rice is rising. Affected by inventory and processing costs, peanut prices are at the bottom. On the other hand, terminal inventory is short and there is a rigid need for replenishment. Demand parties are cautious in purchasing, and there is also an uninterrupted need for replenishment in the later period. On the other hand, the price of oil-bearing rice will continue to be in a downward trend under the negative trend of oil mills. In addition, due to the obvious characteristics of strong supply and weak demand in the peanut market, it is still recommended to maintain awe of the forward market.
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