01 Flaxseed

In the 42nd week (October 14-18, 2024), the national average price of domestic flax seeds is 5,140 yuan/ton; the price of Russian first-grade screened flax seeds at Tianjin Port is 5,150 yuan/ton; the price of Russian first-grade raw flax seeds at Tianjin Port is 5,000 yuan/ton. The flax seed market conditions in various regions this week are as follows:

Weekly Review:

This week, the price of flaxseed in some areas of the country has risen. The main reason for the price increase is that the Russian foreign market price has an upward trend. Recently, the operating rate of domestic flaxseed oil factories is relatively low, and the market demand for flaxseed is not large. In terms of supply, the port has a small amount of flaxseed cargo and the inventory pressure is relatively small, which is good for the flaxseed market. International flaxseed prices, Russian flaxseed new season 560 US dollars / ton, up 10 US dollars / ton from last week; Canada quoted 620 US dollars / ton, stable from last week; Kazakhstan stopped quoting due to shortage.

It is expected that the price of flaxseed will remain stable in the short term. The operating rate of flaxseed oil factories has been low recently, the speed of flaxseed sales is not fast, and the oil mills replenish stocks on demand. The price of Russian flaxseed has an upward trend, and the import cost has increased, and the price of flaxseed is likely to rise.

02 Linseed oil

Week 42 (October 14-18, 2024) The prices of second- and third-grade linseed oil in various parts of China this week are as follows:

Weekly Review:

The price of linseed oil remained stable this week. Linseed oil is mainly based on the balance of supply and demand, so the price does not change much. It is expected that linseed oil will remain stable in the short term. With the cooler weather and the end of the oil off-season on October 1, the demand for linseed oil is expected to improve, but the sales speed is slower than expected. On the supply side, the operating rate of linseed oil factories in various regions has declined and is not continuously operating, and the supply of linseed oil has decreased. The supply and demand of linseed oil is balanced, so the price is relatively stable.

03 Flax Cake

Week 42 (October 14-18, 2024) This week's flaxseed cake prices are as follows: Zhangjiakou 2850-3300 yuan/ton; Datong 2800-2900 yuan/ton; Shenchi 3100 yuan/ton; Zhongwei 2600-2900 yuan/ton; Shizuishan 3400 yuan/ton; Baotou 3100-3200 yuan/ton; Tianjin 3300-3400.

Weekly Review:

This week, the price of flax cake continued to run smoothly. In terms of supply, the operating rate of oil mills declined and did not continue to operate, and the supply of flaxseed cake decreased, which was good for the flax cake market. In terms of demand, as a high-calorie crop, flax cake has increased demand as the weather turns cooler, which is good for the flax cake market. It is expected that the price of flax cake will continue to remain stable in the short term. As the weather gets colder in November, demand will gradually increase, supporting the flax cake market.