At present, there is a steady and slight increase in the stock of laying hens in China.BaccaratbearbrickThe overall supply is still relatively loose. For the upcoming May Day holiday, although some stocks appear, the expectation is not optimistic. Some traders are still mainly reducing inventory, the willingness to receive the goods is not high, the rising power of egg prices is still insufficient, and the market wait-and-see mentality is strengthened. Continue to restrain the futures market. However, spot prices continue to perform poorly, fluctuating in a narrow range near the cost line, laying hens are still in a state of loss, or are expected to speed up the elimination process at the breeding end, while reducing the enthusiasm of fillers, which is good for long-term egg prices. Overall, under the influence of increased production capacity and poor spot performance, the market atmosphere is still weak. However, the market valuation is on the low side, and the top 20 net short positions continue to decrease slightly, the subsequent decline is limited, activists can try to light positions to try more.
Researcher: Cai Yuehui
Futures qualification number: F0251444
Futures investment consulting certificate number: 20013101
Assistant researcher: Li Qiurong
Futures qualification number: F03101823
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