Group 1 - The domestic wheat market has reversed from a downward trend to an upward trend in mid-November, with prices rising rapidly from north to south, leading to a new round of market competition [1][4] - Multiple flour companies have adopted a strategy of "full-category price reduction + precise promotions" in response to rising costs and declining sales, increasing operational pressure on the flour industry [1][2] - As of November 18, flour prices in major producing areas have decreased by varying degrees compared to the beginning of the month, with specific price ranges reported for different types of flour [2] Group 2 - Leading companies are experiencing stable sales and maintaining operating rates between 75% and 90%, while smaller companies face declining sales with operating rates only between 30% and 50% [3] - The core contradiction in the industry is the price gap between rising wheat prices and falling flour prices, with wheat prices decreasing only slightly while flour prices have dropped significantly, leading to compressed profit margins for flour companies [3][4] - The recent increase in wheat prices has led to a "wait-and-see" attitude among traders, creating a purchasing dilemma for flour companies, which are forced to raise prices to secure supplies [5] Group 3 - The market for flour by-products has shown stability, providing important support for flour companies under operational pressure, with prices for bran and other by-products increasing due to reduced supply and strong demand from the feed sector [6][7] - As of November 18, bran prices in major producing areas have increased compared to the previous week, indicating a positive trend in by-product pricing [7] - The overall market for flour is expected to stabilize with limited room for further price reductions, while the wheat market is anticipated to maintain a strong upward trend [8]
麦价涨粉价落 新一轮行情博弈开启
Xin Lang Cai Jing·2025-11-20 12:48