Flaxseed, flax oil and flax cake market forecast (week 49, 2024)

01 Flaxseed 

In the 49th week (December 2-December 6, 2024), the national average price of domestic flax seeds is 5,275 yuan/ton; the price of Russian first-grade screened flax seeds at Tianjin Port is 5,300 yuan/ton; the price of Russian first-grade raw flax seeds at Tianjin Port is 5,100 yuan/ton. The flax seed market conditions in various regions this week are as follows:

Weekly Review:

This week, the price of flaxseed fell across the country. The speed of flaxseed sales is average, the demand is average, and the market is weak. In terms of supply, Tianjin Port continues to receive goods, but the arrival volume is limited, and the supply pressure of flaxseed is reduced. In terms of demand, the operating rate of oil mills has been low 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 550-560 US dollars/ton, which is the same as last week; 520-530 US dollars/ton in the central region, the performance is stable, and the shipping period is January-February; Canada quoted 615 US dollars/ton, which is lower than last week's price; Kazakhstan quoted 500-530 US dollars/ton, which is stable compared with last week.

It is expected that the price of flaxseed will be stable and fluctuate in the short term. The speed of flaxseed sales has been relatively stable recently, and the transaction is not prosperous. Flaxseed has been 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 49 (December 2-December 6, 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. 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 about to usher in the peak season, and the speed of linseed oil sales may accelerate. However, the global oil and fat market has dragged down the price of linseed oil market. 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 49 (December 2-December 6, 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 3350 yuan/ton; Baotou 3000 yuan/ton; Tianjin 3000-3300 yuan/ton.

Weekly Review:

This week, the overall 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 continued to fall, dragging down the price of flax cake.