May 18th,
the peanut market continued the trend of slight downturn in the weekends; the
purchasing prices of raw material from producing areas such as Shandong and
Henan continued to decline, the trading atmosphere is ordinary, and
wait-and-see as primary attitude.
In
last week (May 11th -16th), as the atmosphere of bear
market for peanut increased at present, the market is under confidence, the
deal is normal, all of which would restrain the price in a stalemate and
maintain a trend with weakly shocks, there is a possibility that the price
would fall further; however the surplus grain in farmers reduced gradually at
present, the primary purchase volume in producing area is limited, the stock
would be used up gradually, the falling price may tend to mitigate suppose the
demand in future market improved to certain extent. Therefore the dealer is
suggested to continue the operation strategy of fast in fast out under the
condition of maintain appropriate stock.