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Peanut Price Trend in Chinese Market

Pubtime:2015-05-21Author:Source:cnpeanut.com Hits:

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.