Egg market: Recently, egg prices have gotten rid of the "declining trend", the price has shown a rocket rising trend, and the price of eggs has "risen sharply"! According to the feedback from netizens, in southwest Shandong, at present, the price of eggs in rural markets has risen to 3.9~4 yuan/catty, while the price of local eggs a week ago was only 3.4~3.5 yuan/catty, and the price of eggs has risen by about 5 cents per catty......
According to the analysis of institutional data, recently, in the domestic production and marketing market, by the support of many parties to become stronger, egg prices showed a trend of more than expected rise, among them, in the production area, Shandong, the local egg price in 3.72 ~ 3.8 yuan / catty, the average price rose to about 7.59 yuan / kg, a single day up 0.36 yuan / kg. In the Hebei market, the price of eggs in the mainstream area was 3.55~3.7 yuan/kg, and the average price rose to 7.24 yuan/kg, an increase of 0.45 yuan/kg. In Beijing, the average price of eggs in the wholesale market rose to 7.56 yuan/kg, up 0.36 yuan/kg, and the average price of eggs in Guangdong was 8.49 yuan/kg, up 0.03 yuan/kg......
Personally, I believe that to support the rise in egg prices, on the one hand, by the sharp rise in egg contract quotations, the mentality of the spot market breeding end reluctant to sell and carry the price has become stronger, superimposed, previously, the egg inventory in all aspects of production and marketing has been gradually digested, and the supply pressure has been reduced; On the other hand, the demand to follow up, due to the decrease in downstream inventory, by the rise in egg prices, the pace of market purchase and sales has accelerated, the downstream market has a significant "buy up" performance, superimposed, some food companies increase in low storage, egg purchase and sales accelerated, under the guidance of emotion, egg prices have risen sharply!
However, from a rational point of view, the short-term egg price is strong, the market for high-priced eggs to bear the capacity or will deteriorate, and the egg production capacity is at a high level, the temperature in the north and south is hotter, the difficulty of egg storage increases, it is expected that the market is still at risk of falling high! The market outlook pays attention to the performance of downstream demand replenishment and the changes in the inventory level of eggs in all aspects of production and marketing!
Refined oil market: According to institutional data analysis, in the overnight market, international crude oil prices stopped falling and rising, among them, WTI crude oil rose by $0.86 to $79.12 per barrel, and Brent crude oil rose by $0.56 to $83.36 per barrel!
Due to the international oil price stop falling and rising, the 10th oil price adjustment in 2024 will end for 9 working days, the crude oil change rate is about -4.65%, and the price of gasoline and diesel is estimated to fall by 220 yuan/ton, which is 15 yuan/ton narrower than the previous day, equivalent to the price of 92/95 gasoline falling by 0.17~0.2 yuan/liter!
This round of oil price decline into the countdown, following the end of April gasoline and diesel prices fell 70 yuan / ton, oil prices showed a "2 consecutive decline" trend, domestic gasoline and diesel prices "diving", in particular, 92 gasoline prices or will fall below 8 yuan / liter......
It is reported that in this cycle, in terms of crude oil, WTI crude oil quotations have fallen by 5.64%, and Brent crude oil has fallen by 6.86%!
Supporting the decline in international oil prices, mainly due to the sharp increase in the pressure of the U.S. economic recession, and the Fed's senior officials' speeches to curb the expectation of interest rate cuts, superimposed, U.S. crude oil exports increased sharply, and the market was more worried about the weak outlook for crude oil consumption, which also supported the decline in oil prices!
However, in the past two days, the decline in oil prices has gradually weakened, and prices have rebounded to a certain extent, on the one hand, a new round of OPEC+ production cuts may be the general trend, and the tight international crude oil supply situation will continue; On the other hand, the geopolitical risk spillover from the Middle East still exists, and Europe is expected to start cutting interest rates in the second half of the year, and the market generally estimates that in order to boost the U.S. economy, the Federal Reserve will also have to cut interest rates, which has some support for the crude oil market!
Therefore, based on many factors in the market, the crude oil market may have a rebound trend, however, due to the end of this round of pricing cycle, the domestic gasoline and diesel prices exceeded the falling standard of 50 yuan / ton reached 170 yuan / ton, tomorrow night at 24 o'clock, the oil price fell on the table, the decline or a slight upward pressure, the author will continue to pay attention to the changes in the market, timely update the latest oil price adjustment news!
This time the price of oil fell to the ground, 92 gasoline is estimated to fall by 0.16 ~ 0.17 yuan / liter, at that time, in Shandong, Shanghai, Jiangsu and other places, 92 gasoline is expected to fall below 8 yuan / liter, Beijing, Tianjin and other places will also bottom out 8 yuan / liter, according to the volume of private cars 50 liters, fill up a tank of oil, it is estimated to cost about 8 yuan less......
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