Report Summary 1. Report Industry Investment Rating - Not provided 2. Core Viewpoints - Short - term: Egg supply is stable, supply pressure is continuously released, and the spot price may remain weak and low in the short term [5]. - Medium - term: Newly - opened laying hens are increasing, the theoretical inventory of laying hens is on the rise, and the supply pressure at mid - year is high. If the spot price stays low in July, large - scale culling by the farming end may lead to a phased supply reduction, and combined with the Mid - Autumn Festival consumption peak, it may drive a phased rebound in the spot price from August to September, but the rebound high is not overly optimistic [5]. 3. Summary by Related Catalogs Futures Performance - The main egg futures contract broke through support and fell. As of the time of writing, the 2508 contract dropped to 3477 yuan/500 kilograms, with a decline of 2.99% [3][6]. Spot Performance - The recent spot price has remained weak and low. On the 7th, the egg price in Guantao, Handan, Hebei was 2.44 yuan/jin, down 0.05 yuan/jin from last Friday [4]. Analysis Logic and Operation Suggestions - Analysis Logic: In the short - term, the supply is stable and the spot price is weak. In the medium - term, the supply pressure is high at mid - year, and there may be a phased rebound from August to September [5]. - Operation Suggestions: The main contract first trades the logic of closing the premium. After the spot price bottoms out, it may trade the consumption peak logic. The 08 contract operates in a wide range with upper pressure at 3600 - 3650 and lower support at 3400 - 3450. The 09 contract maintains a short - selling idea with short - term pressure at 3700 - 3720 and support at 3500 - 3550. Also, pay attention to short - selling opportunities for the 2512, 2601, 2602, and 2603 contracts [5].
市场快讯:蛋价跌势不改,期货再度交易收升水逻辑
Ge Lin Qi Huo·2025-07-07 09:16