As temperatures rise in Tianjin, market participants are observing a trend where exporters are primarily focused on clearing their existing stocks. There’s a sense that the market has reached its peak, leading some exporters to show less enthusiasm for replenishing their inventories. Concerns are looming over the possibility of price declines starting from May onwards. Additionally, domestic demand has weakened following the onset of hot weather in May. It’s crucial for stakeholders to closely monitor market price changes to navigate through this period of transition.
Export Reference Prices
This week, the export reference prices for standard sunflower seeds (200-210 grains/50g) stood at US$1,860-1,890 per tonne. For seeds with a count of 190-200 grains/50g, the prices ranged from US$1,890-1,920 per tonne. These figures highlight the current pricing dynamics in the Tianjin sunflower seed market.
Market Dynamics
The feedback from market participants indicates a shift in focus towards clearing existing stocks rather than replenishing them. With the anticipation of a downward price trend in the coming months, exporters are cautious about maintaining high inventory levels. The weakening domestic demand, attributed to the onset of hot weather, further adds to the uncertainty in the market.
Future Outlook
As we approach the end of the peak season and enter into a period of potential price declines, stakeholders in the sunflower seed market should remain vigilant. Market conditions are expected to evolve, influenced by factors such as weather patterns, demand fluctuations, and global trade dynamics. Keeping a close watch on market price changes will be essential for informed decision-making in the coming weeks.
Current Market Price in Fob Tianjin, China for sunflower seeds
Product |
Chinese Sunflower Seeds |
| Type | 361 |
| Moisture | 10 % Max |
| Purity | 99.5 % Min |
| Imperfect | 2 % Max |
| Package | 25kg / Plastic Bag ; |
| Loading | 23Tons / 40GP |
| FOB TIANJIN | USD 1860-1920/Mt – EURO 1750-1806/Mt |
| Delivery | Within 20 Days after the contract |