Flaxseed, flax oil and flax cake market forecast (week 48, 2024)

01 Flaxseed

In the 48th week (November 25-November 29, 2024), the national average price of domestic flax seeds is 5,313 yuan/ton; the price of Russian first-grade screened flax seeds at Tianjin Port is 5,400 yuan/ton; the price of Russian first-grade raw flax seeds at Tianjin Port is 5,200 yuan/ton. The flax seed market conditions in various regions this week are as follows:

Weekly Review:

This week, the national flaxseed price remained stable. The flaxseed sales speed and demand were average, supporting the flaxseed market. In terms of supply, Tianjin Port continues to receive goods, but the arrival volume is limited, and the flaxseed supply pressure has been reduced. In terms of demand, the oil mill operation rate has not been high recently, and flaxseed is replenished on demand, and the demand is weak. This week's international flaxseed price, the new season flaxseed in the Black Sea region of southern Russia is 560 US dollars/ton, down 15 US dollars/ton from last week; 520-530 US dollars/ton in the central region, stable performance, shipping date from December to January; Canada quoted 620 US dollars/ton; Kazakhstan quoted 500-530 US dollars/ton, stable compared with last week.

It is expected that the flaxseed price will be stable and fluctuate in the short term, and the flaxseed sales speed has been relatively stable recently. Flaxseeds are arriving at the port one after another, and the supply volume is less than last year, so the supply pressure is relatively small. Pay more attention to the tariff issues between Canada and the United States and the export direction of Canada in the later period.

02 Flax oil

Week 48 (November 25-November 29, 2024) The prices of second- and third-grade linseed oil in various parts of China this week are as follows:

Weekly Review:

This week, the price of linseed oil remained stable. The supply and demand of linseed oil is relatively balanced, so the price does not change much. At present, the operating rate of Chinese linseed oil factories is low, and the supply pressure of linseed oil market is not great. It is expected that the price of linseed oil will remain stable in the short term. The Chinese linseed oil market is still in a weak demand, and the sales speed of linseed oil is relatively slow. In terms of supply, the operating rate of linseed oil factories in various regions is not high, and the supply of linseed oil is small. Therefore, the overall supply and demand of linseed oil is balanced, so the price does not change much.

03 Flax cake

Week 48 (November 25-November 29, 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 3000 yuan/ton; Tianjin 3000-3300 yuan/ton.

Weekly Review:

This week, the price of flax cake was stable. As a high-calorie feed, the proportion of flax cake added increased, and the corresponding demand increased. The speed of sales was acceptable, which was good for the flax cake market. It is expected that the price of flax cake may run smoothly in the short term, with good demand, low oil mill operating rate, and weak supply, which is good for the flax cake market. However, the price of soybean meal is not high, which drags down the price of flax cake.