Market Movement in Week 49, 2022

Market movement in week 49 (5 - 11 Dec 2022): The market has been stable on a slightly upward trend over the past couple of weeks.

๐Ÿ“Œ Lower and broken grades (i.e., WS, LP, SK1, SP1, etc.): There is a slightly decrease in price, some offers from BRC are even more affordable and better than from HACCP as they want to clear all the stock at the warehouse and prepare for new Vietnam crop coming next year.

๐Ÿ“Œ Whole grades: There seems to be not much difference in price from BRC and HACCP. Just a couple weeks ago, the price of WW240 and WW320 relatively jumped by 5 cent/lb and has been firmly staying stable from week to week till now. The root reason for this price increase is mainly due to inbound factor (i.e., the shortage of material processors and the production suspension from certain packers for New Yearโ€™s Eve and Lunar New Year which are close to each other next year). There has not been a lot of purchase activities from the overseas buyers, but at least the market slowly starts moving in small quantities during this time.

๐Ÿ“Œ High demand from big grades:

- There is still high demand on big grades such as 180, 210 and 240 both for whole products and cut products which has drove the prices up significantly.

- In the meantime, in terms of cut product W180 cut, W210 cut and W240 cut, they are being used to mix in the whole products. Due to their scarcity, we donโ€™t receive so many offers of those grades from the packers as in the past.

๐Ÿ“Œ Several packers/ factories stopped offering for prompt shipment in December and January as New Yearโ€™s Eve and Lunar New Year is very close to each other in 2023. They are just willing to give the offers from March onwards.

Marketing@ Dec 12, 2022

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