Source: Everbright Futures Author: Everbright Futures
Research report text
Terminal demand is still fully recovered on Tuesday, the spot price continues to fall, and futures contracts are divided into near and far months. The near-month contract was trailed lower by the spot price and continued to be weak. The 2305 strength major contract continued to rebound under expected recovery in demand and the daily close rose 1.63% to close at 4307 yuan/500kg.
Zhuo Chuang’s data show that the national team yesterdayeggThe price was 4.17 yuan/catties, down 0.18 yuan/catties month over month. Among them, Ningjin powdered shell eggs were 4.1 yuan/catties, down 0.1 yuan/catties month on month, brown shell eggs in Montenegro market were 3.75 yuan/catties , down 0.15 yuan/catties month over month; in the sales area, Puxi brown-shelled eggs were 4.6 yuan/catties, down from the previous month. The price decreased by 0.11 yuan/catties, and brown-shelled eggs in Guangzhou market were 4.28 yuan/catties, a month-month decline of 0.15 yuan/catties.
Terminal demand is still putting pressure on egg prices and spot egg prices continue to weaken. Due to the early Spring Festival this year, the pre-holiday stocking cycle is shorter than in previous years. Pay attention to the start time of terminal demand and pay attention to the possibility of a rapid and sharp rebound in egg prices in the near term.
The market outlook will focus on the impact of the progress of the demand recovery on egg prices. Futures focus on changes in capital flows and market sentiment.
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