In the domestic corn market, in July, the corn spot price fluctuated weakly, as of July 31, the average price of corn was 2383 yuan / ton, compared with the end of June down 57 yuan, the market showed a "grinding bottom" trend!
On the one hand, in the northeast region, affected by high temperature and precipitation, the difficulty of corn storage has increased, traders have increased their subscriptions, and the demand has not followed up well, and the market purchase and sales are slightly deserted; On the other hand, due to the strong corn quotation in North China in early July, traders increased their shipments at high prices, however, the demand support was insufficient, the pig inventory declined, and the market was under poor pressure!
At the beginning of August, spot corn maintained a fluctuating trend, and the quotation was slightly adjusted due to the change in the grain sales sentiment of the main body of the grain holder. However, the market fundamentals are bearish, in particular, the demand is not followed up well, the willingness of enterprises to replenish the warehouse is poor, coupled with the low price of corn contract shocks, traders ship homeopathically, and the market continues to fluctuate lower!
In the Northeast region, due to the traders' inventory is higher than in previous years, the spot supply is loose, and the precipitation affects the quality of corn, the shipment mentality of some channels is strong, coupled with the rice auction, the demand follow-up is insufficient, the feed enterprises replace the grain source is loose, the deep processing inventory is sufficient, and the spot quotation is weakly adjusted!
Among them, in Heijiliao and Inner Mongolia, the port area, the average price of corn is 1.16 yuan / catty, the mainstream deep processing listing price is 1.14 ~ 1.195 yuan, some enterprises, Inner Mongolia Yipin, Inner Mongolia Fufeng and Suihua Haotian, the enterprise quotation fell slightly by 0.25 ~ 1 cents / catty!
In North China and the Huanghuai region, by the previous corn quotation decline, some channels price mentality enhanced, sporadic enterprises by the corn storage difficulty increased, the subscription mentality has been enhanced, feed and deep processing enterprises on demand procurement, the average daily volume can still meet the normal start, enterprises are willing to adjust the price in general, the quotation is mainly weak and stable!
Among them, in Shandong, the quotation of deep processing enterprises was adjusted by 0.5 cents/jin, and the average price of corn was 1.19 yuan/jin, compared with the high point of 1.232 yuan/jin in early July, the average price fell by about 84 yuan/ton, and the spot price of mainstream corn in Shandong was 1.15~1.247 yuan/jin!
At the same time, in the domestic refined oil market, this week, the 16th oil price of the year will usher in the price adjustment window, and domestic gasoline and diesel prices are expected to fall by 2 cents 4 / liter!
It is reported that recently, international oil prices have fallen sharply, since last Thursday, the crude oil market "dived" down, supporting the reason for the decline in international oil prices, mainly due to the pressure of demand follow-up, the market for the global economic growth slowdown, weak energy demand concerns to strengthen!
In particular, last week, the United States manufacturing PMI data broke out, falling to 46.8%, while the United States non-farm payrolls data fell sharply in July, with the number of new jobs at 114,000, far lower than the market expectation of 175,000, and at the same time, the unemployment rate also increased to 4.3%, which also touched the Sam index, exacerbating the risk of United States recession, causing panic in the world's major economies, which seriously affected the performance of energy demand and exacerbated the trend of falling international oil prices!
According to data analysis, in accordance with the domestic gasoline and diesel price formation mechanism, with a cycle of 10 working days, referring to overnight crude oil changes, among them, on August 5, WTI crude oil was quoted at 72.94 US dollars / barrel, Brent crude oil was quoted at 76.3 US dollars / barrel, international crude oil hit a low value of about 8 months in the last 8 months, the end of 80% of the working days of this cycle, the crude oil change rate was -5.62%, and the price of gasoline and diesel fell by 260 yuan / ton, which is equivalent to an increase in price. 92/95 gasoline and 0 diesel are estimated to fall by 0.2~0.24 yuan, according to the volume of 50 liters of private cars, fill up a tank of fuel, it is estimated to cost 10~12 yuan less!
Now, the oil price adjustment is imminent, the 16th oil price decline this year is certain, but the specific adjustment of oil prices is still slightly changing, after all, although the crude oil market is more worried about the United States economic recession, but the geopolitical situation in the Middle East is also relatively tense. At 24 o'clock on August 8, 2024, the "sixth fall" in oil prices will be cashed out during the year, and we will tell each other that we hope that the domestic oil price drop can exceed 300 yuan/ton, and you may wish to praise it if you support the decline in oil prices!
The following is the current price of 92/95 gasoline at gas stations in various provinces and cities across the country, for reference only!
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