Peanuts: Weekly Peanut Reports on China market
September 30, 2017 at 10:15 PM ,
Rainbow Exports
Weekly Peanuts Report
Market Analysis
The price in the domestic market is stable generally.The traders complete the goods basis on their goods.And there are more buyers.But because the more moisture in the new peanut and different quality,the end market demand is not strong.The farmers still are unwilling to sell the goods.In the production line,there is less goods into the market.The buying and sales is slow.
The recent news in the production area:
In the view of the production area:In Henan,because of the continuous rain,there is not enough goods with good quality.The price can be kept stable.Now there is still a big difference in the quality.And their price also have a big difference.At the same time,affected by the rain,the big peanut in Kaifeng and Ningling trends to be higher.But the price increase is limited.In Jiangxi and Hubei,the buying and sales is slow.Because it is the harvest busy season and the farmers are unwilling to sell the goods.In Liaoning,the price of Baisha peanut is stable generally.In Tangshan city,Hebei province,the Xiaoriben trends to be stable.In the view of the sales and buying in the production area,there are no good factors to support the price to be increased and it also can’t be reduced.It is estimated that in a short time there will not be a big fluctuation.
The recent news in the domestic market:
According to what we know,in the domestic market because the end demand is not strong,the sales is slow.The purchasers are unwilling to storage the goods and buy the goods basis on their needs.There is no much inventory.And the price is stable generally.
The recent news in the oil plants:
According to what we know from the oil plants,Jinsheng,Yuhuang,Feixian and Shenzhou Oil Plants begin to buy the peanut gradually.At this moment,they mainly buy the unsifted peanut with the closing price 6,500--6,600RMB/T.Recently because of the quality problem of the new peanut,the oil plants are unwilling to the buy the goods.Some oil plants refuse to buy the goods with a strict quality control.The close price is lower.
Aboved all,now the price has a difference because of the different quality and demand in the production area.Affected by the factor of weather and the farmers unwilling to sell,there are no much goods into the market.Because the end demand is not strong,the buyers are caution to buy the goods and just buy a small quantity of the goods when they make the purchasing.However,the oil plants begin to buy the peanut gradually,it fully support the price to be stable.It is estimated that the price is very likely to keep stable or have a small fluctuation.Under the condition that there are not obvious good factors,I suggest mainly just watch the market and be caution caution when you buy or sell the peanut.
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