[2024-02-02] Before the Spring Festival, the demand is generally weak, and the garlic market is showing signs of weakness
On February 2, 2024, the garlic market remained stable and weak, with sellers showing more positive shipments compared to the previous days. The supply of goods has increased, and currently, pre holiday stocking has entered the final stage. Market demand is average, downstream customers are not actively purchasing, speculators have reduced their inquiries, and the overall trading atmosphere is not hot. Buyers have shown signs of holding down prices when buying goods, resulting in a slight decline in transaction prices.In the Jinxiang production area, the trading volume throughout the day is relatively light, and the inventory of garlic is not large. The supply of goods is generally high, and some sellers have shown signs of urgent sales and price concessions. As the Spring Festival approaches, the pre holiday stocking of customers is gradually closing, and the demand for processing and export is decreasing. The demand for goods is insufficient, and the market is slightly weak, with prices of some varieties decreasing.
In the Pizhou production area, the supply of garlic in the warehouse is generally high, and sellers have a certain willingness to ship. They insist on or follow the price, while buyers mainly focus on the demand for fresh garlic in the market. The sales volume of net garlic and processed garlic in the warehouse is stable, and there is no significant change in price. The current processing volume at the machining point is not large.
In the Qixian production area, storage merchants are slightly more active in selling goods, and the supply of goods has increased to a certain extent. However, most sellers insist on asking for prices, and buyers are not very proactive in following up on their purchases. In the market, customers often choose suitable prices to purchase, and the overall ordering speed is not fast, with average transaction volume.
In the Zhongmu production area, the supply of goods remains abundant, and sellers often ship with them. Buyers follow up as needed, but the speed of supply and sales is not fast, and prices are basically continuing at yesterday's levels.
In the Cangshan production area, there has not been much improvement in the trading of garlic in the warehouse. Sellers have a stable selling attitude and still insist on asking prices. For first-time buyers, they purchase goods according to their needs, with small tonnage transactions being the main focus, and the price has not changed much.
In the Laiwu production area, pre holiday stocking is coming to an end, and surrounding processing factories are also taking a break. The number of buyers looking for goods has decreased, and the trading atmosphere is relatively light. Buying and selling are basically carried out with the flow, and the overall transaction volume is not high.