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  • Mysteel Interpretation: Port inbound and outbound warehouses have increased, and the sesame market has flexible transactions

    May 13th, 2022

    Recently, the domestic sesame market has been affected by the new crown epidemic, and traffic in some areas has been blocked, making it difficult to load goods. At present, the supply of domestic sesame seeds is limited, the cost of imported sesame seeds to Hong Kong is relatively high, and the emotional impact of the depreciation of the RMB exchange rate is relatively strong, which supports the price of sesame seeds to a certain extent. As of May 13, Huangdao Port imported sesame 12,100 yuan/ton from Ethiopia, 11,500 yuan/ton from Ethiopia, 12,000 yuan/ton from Sudan, 11,400 yuan/ton from Sudan, and 10,800 yuan from Nigeria. / ton, Moissanite 11,100 yuan / ton, Tannan 11,500 yuan / ton, Togo 11,100 yuan / ton. At present, the sesame market in Huangdao Port is flexible and the price fluctuates accordingly. The downstream enterprises basically follow the purchasing mentality of purchasing as needed, and most of them do not stock up too much. On the whole, after entering May, the domestic sesame market has shown signs of recovery, but due to the depreciation of the RMB exchange rate and the impact of high-cost, high-quality imported sesame seeds, some varieties have risen slightly. The demand side is currently largely constrained by the epidemic prevention measures in various regions, so it is necessary to pay attention to the policy guidelines of various regions at any time. Judging from the recent inbound and outbound situation, it is currently in a steady upward trend. This week, about 2,800 tons were released from the warehouse, an increase of 1,300 tons or 46.4% compared with last week; 2,570 tons were put into storage, an increase of 850 tons compared with last week, an increase of 51.1%. This week's inventory was around 380,000 tons, an increase of 30,000 tons or 8.5% compared with last week. With the arrival of new seasons of sesame from abroad one after another, the market has sufficient supply, and the situation of oversupply is difficult to change. The market is slow to sell goods, and there is a certain pressure on traders to ship goods. Port stocks continue to increase. The psychology of price support is strong, and it is unlikely that the imported sesame market will fall in the short term. On the whole, the domestic sesame market is basically in a semi-closed state, and there are few market transactions. In some major producing areas, the new season rapeseed is on the market. Farmers are currently busy trading the new season rapeseed. Traders are clearing domestic sesame stocks to prepare for the reserve rapeseed. The sesame market transaction is relatively sluggish. The current inventory of imported sesame is still at a high level. It is currently in the off-season of consumption and the market demand is limited. However, high-cost goods arrive in Hong Kong in the later period. The price of imported sesame is firm, and the market is flexible. In the short term, the price of sesame is expected to be stable, focusing on the digestion of inventory in Huangdao Port.


    Source: Source:https://finance.sina.com.cn/money/future/agri/2022-05-13/doc-imcwiwst7143563.shtml
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