Domestic flaxseed, flax oil and flax cake weekly market forecast (week 46, 2024)

01 Flaxseed 

In the 46th week (November 11-November 15, 2024), the national average price of domestic flax seeds is 5,343 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 has been stable with a slight increase. The total flaxseed inventory in various ports in my country is about 70,300 tons, and the operating rate of oil mills is not high. However, the recent flaxseed cake sales have accelerated, and the demand is still good, supporting the flaxseed market. The delay in the arrival of new Russian seeds is good for the flaxseed market. The foreign price of Russian flaxseed has risen. This week's international flaxseed price, Russian flaxseed new season 560 US dollars / ton, up 7 US dollars / ton from last week, shipping period 12-1; Canada quoted 645 US dollars / ton, up 5 US dollars / ton from last week; Kazakhstan quoted 550 US dollars / ton, stable from last week. The increase in demand for Canadian flaxseed has boosted domestic Canadian flaxseed.

It is expected that the price of flaxseed will rise in the short term. The recent flaxseed sales have accelerated, and the demand is expected to improve. Traders may slightly increase prices. Flaxseed has begun to arrive in large quantities, with sufficient supply and limited room for flaxseed to rise.

02 Flax Oil

Week 46 (November 11-November 15, 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 has basically not changed this week. The price of linseed at the port has risen, which is good for the domestic linseed oil market. The supply and demand of linseed are relatively balanced, so the price does not change much. It is expected that the price of linseed oil will remain stable in the short term. The Chinese linseed oil market is still in the off-season of consumption and 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 still balanced, so the price does not change much.

03 Flax Cake

Week 46 (November 11-November 15, 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 2600-2800 yuan/ton; Shizuishan 3400 yuan/ton; Baotou 3000 yuan/ton; Tianjin 3300-3400 yuan/ton.

Weekly Review:

This week, the price of flax cake is stable. With the arrival of winter, flax cake is used as a high-calorie feed, and the proportion of addition has increased. The corresponding demand has increased, and the sales speed is fast, which is good for the flax cake market. It is expected that the price of flax cake may increase in the short term. The demand is strong, the raw materials are rising, and the oil mill operation rate is low, which is good for the flax cake market.