Yiwu Market Eggs to new lows

Yesterday eggs main 1509 contract opened lower at 4101 yuan / 500 kg, down quickly after the opening bell, remain low after operation. At the close, egg 1509 contract reported 4049 yuan / 500 kg, compared with the previous day down 113 yuan / 500 kg settlement price, fell to 2.72%, hand positions to reduce 3684 to 11.2 million contracts.Spot, according to PBL and News data show, June 15 main producing areas of the country down egg prices stop rising, the average price of 6.37 yuan / kg, Friday fell 0.05 yuan / kg, of which the highest average price in Shandong 6.66 yuan / kg, the lowest average price in Henan is 6.1 yuan / kg.

The supply side, according to Chivas population of laying hens statistical monitoring data, in May 2015 in the amount of laying hens on hand 1,123,000,000, compared with April increased 2.62%, yiwu city down 5.04% from last year. May Bulan of chicken increased by 6.1% compared with April, an increase of 19.54%. May reserve chicken breeding stock was 2.82, compared with 3.18 percent increase in April, an increase of 9.03%. Laying hens breeding stock continued to rise, so that the egg supply liberal bias.The demand side, with the gradually approaching the Dragon Boat Festival, eggs stocking certain boost demand for eggs, eggs take the goods recent normal, compared to the pre-take the goods has improved, but the effect probably will be limited boost. With the end of the Dragon Boat Festival stocking, while schools have a holiday, egg demand in turn gradually become dull.

Laying hens breeding stock continued to rise, eggs supply loose, and the limited boost to the price of the downstream demand for eggs, eggs Throughout fundamentals remain weak overall. Technically, egg 1509 contract hit a record low, below the previous decline, short-term downward trend has accelerated, KDJ, MACD indicators continue to decline after Sicha. Yiwu market Eggs or continuation of weak market outlook. The operation of the proposed pre-empty single continue to hold, the new short selling single in the vicinity of 4070, the target 3800, stop 4100.