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Industry research, raw materials rise, superimposed power curtailment seasonings or general rise in cost pressure is expected to continue to Q4
2021-10-18 20:02:18
According to the Financial Associated Press (Guangzhou, reporter Ren Chaoyu) , Haitian Flavour Industry (603288.SH) took the lead in raising the price of its condiments. The industry generally predicts that the condiment industry will usher in a general rise. Investigating the reason, industry insiders told the Cailian News that apart from the increase in raw material prices, the impact of power rationing on the supply of raw materials cannot be ignored. It is reported that it is currently more difficult for manufacturers to obtain goods. Research shows that there are still expectations of price increases for commodities such as soybeans and white sugar.
Mainly affected by rising raw materials and power curtailment
The data shows that as of October 15, 2021, the spot price of soybeans was 5940 yuan/ton, an increase of about 32% from the 4490 yuan/ton in the same period of the previous year; the spot price of sugar in various places was between 5600 yuan and 6000 yuan. The main price of online futures-sugar increased from 5280 yuan/ton last year to 5971 yuan/ton, a year-on-year increase of about 13%. The rising prices of raw materials have brought huge cost pressures to the condiment industry.
The reporter learned that, in addition to cost pressures, the capacity constraints brought about by the power curtailment in the past month also cannot be ignored. An industry insider told reporters: "The curtailment is not a condiment factory, but a raw material. Some raw materials can only be produced in a few factories, and some factories are still in the northeast." He gave an example: "For example, i+j, ethyl malt. Phenol and other raw materials for the food industry are also on the rise."
Haitian Flavour Industry Board Secretary Zhang Xin confirmed the impact of the power curtailment. She pointed out: “It is mainly raw materials, packaging materials and various suppliers that are affected by the power curtailment, but the overall control is controllable.”
After Haitian Flavour Industry announced that the ex-factory prices of some products such as soy sauce, oyster sauce, sauces and other products have increased by 3% to 7%, whether the industry will usher in a general rise has attracted market attention. Some investors left a message on the Internet that Haitian took the lead in raising prices to give other manufacturers an opportunity. Soy sauce is highly substitutable, so you can choose other brands.
In response to this problem, the above-mentioned industry insiders believe that: "The cost of products has gone up, and some factories have temporarily stocked them, but they can still carry it. The most basic things such as salt, sugar and MSG have risen, and they cannot be carried. The general price increase in the industry is the general trend. "At the same time, he believes that other manufacturers waiting for Haitian to take the lead in raising prices, but also do not want to lose customers.
An industry analyst also believes that the rise in the products of various condiment companies is bound to rise, and how much it rises depends on the strategic intentions of each company.
It is worth noting that due to the influence of the above factors, it is currently difficult to obtain goods on the market. A shop owner told reporters: "Recently it's very difficult to get the goods. It takes a lot of effort to find someone to get the goods."
Haitian Flavor Industry revealed that due to the slow recovery of the demand side, the supply is now relatively tight. The control of goods started before the price increase. Regarding the reasons for the control of the goods, Zhang Xin, the secretary of the board of directors, told reporters that dealers are not encouraged to stock up before raising prices in order to avoid speculative behavior that would have a negative impact on the market. After the price increase, more work is to help dealers straighten out the entire price channel.
Cost pressure may continue to Q4
Although the price increase is conducive to loosening the profit side of condiment manufacturers, the high cost situation may not change in the short term.
Taking sugar as an example, Zhuo Chuang Information told reporters that after the National Day, the sugar market was operating strongly. On the one hand, following the trend of raw sugar, energy prices continued to rise after the holiday. On the other hand, after the holiday, the overall strong market atmosphere of domestic commodities has led to the rapid rise of Zheng Sugar Futures. In addition, the domestic sugar price and the current import cost are substantially upside down, and the entry of long funds has jointly driven the market to continue to rise, and the spot price of white sugar has risen rapidly under the strong performance of domestic and foreign futures.
On the whole, it is expected that there will be limited room for short-term white sugar spot prices to fall, and the price center may move up steadily. From a long-term perspective, entering December, with the concentrated supply of domestic new sugar and the pressure on sugar companies to redeem sugarcane money at the end of the year, there may be a risk that prices will fall from a high level.
According to the analysis of China Feed Industry Information Network, the main contract of soybeans has fluctuated and dropped from the high point during the year. The decline in US soybeans and high prices restrained spot demand weakened the confidence of the market to chase gains. In the short term, it may continue to face the pressure of taking back. However, under the general commodity rising pattern, Bean One's price center is expected to remain volatile and rising. The current global soybean supply tension is expected to ease, and the market lacks the motivation to continue to rise, and it may operate in an oscillating or weak structure in the future.
In addition to costs, the impact of power curtailment continues. Judging from the power curtailment policies announced in various places, there is still no clear deadline. Yunnan and Shaanxi both set clear requirements for the production capacity of related industries from September to December. Based on this cautious judgment, power rationing in various places may still have an impact on October.
This means that the cost pressure and production capacity of the condiment industry are limited or will continue.
zhttps://www.163.com/dy/article/GMK8S9O605198CJN.html
2021-10-18 20:02:18
According to the Financial Associated Press (Guangzhou, reporter Ren Chaoyu) , Haitian Flavour Industry (603288.SH) took the lead in raising the price of its condiments. The industry generally predicts that the condiment industry will usher in a general rise. Investigating the reason, industry insiders told the Cailian News that apart from the increase in raw material prices, the impact of power rationing on the supply of raw materials cannot be ignored. It is reported that it is currently more difficult for manufacturers to obtain goods. Research shows that there are still expectations of price increases for commodities such as soybeans and white sugar.
Mainly affected by rising raw materials and power curtailment
The data shows that as of October 15, 2021, the spot price of soybeans was 5940 yuan/ton, an increase of about 32% from the 4490 yuan/ton in the same period of the previous year; the spot price of sugar in various places was between 5600 yuan and 6000 yuan. The main price of online futures-sugar increased from 5280 yuan/ton last year to 5971 yuan/ton, a year-on-year increase of about 13%. The rising prices of raw materials have brought huge cost pressures to the condiment industry.
The reporter learned that, in addition to cost pressures, the capacity constraints brought about by the power curtailment in the past month also cannot be ignored. An industry insider told reporters: "The curtailment is not a condiment factory, but a raw material. Some raw materials can only be produced in a few factories, and some factories are still in the northeast." He gave an example: "For example, i+j, ethyl malt. Phenol and other raw materials for the food industry are also on the rise."
Haitian Flavour Industry Board Secretary Zhang Xin confirmed the impact of the power curtailment. She pointed out: “It is mainly raw materials, packaging materials and various suppliers that are affected by the power curtailment, but the overall control is controllable.”
After Haitian Flavour Industry announced that the ex-factory prices of some products such as soy sauce, oyster sauce, sauces and other products have increased by 3% to 7%, whether the industry will usher in a general rise has attracted market attention. Some investors left a message on the Internet that Haitian took the lead in raising prices to give other manufacturers an opportunity. Soy sauce is highly substitutable, so you can choose other brands.
In response to this problem, the above-mentioned industry insiders believe that: "The cost of products has gone up, and some factories have temporarily stocked them, but they can still carry it. The most basic things such as salt, sugar and MSG have risen, and they cannot be carried. The general price increase in the industry is the general trend. "At the same time, he believes that other manufacturers waiting for Haitian to take the lead in raising prices, but also do not want to lose customers.
An industry analyst also believes that the rise in the products of various condiment companies is bound to rise, and how much it rises depends on the strategic intentions of each company.
It is worth noting that due to the influence of the above factors, it is currently difficult to obtain goods on the market. A shop owner told reporters: "Recently it's very difficult to get the goods. It takes a lot of effort to find someone to get the goods."
Haitian Flavor Industry revealed that due to the slow recovery of the demand side, the supply is now relatively tight. The control of goods started before the price increase. Regarding the reasons for the control of the goods, Zhang Xin, the secretary of the board of directors, told reporters that dealers are not encouraged to stock up before raising prices in order to avoid speculative behavior that would have a negative impact on the market. After the price increase, more work is to help dealers straighten out the entire price channel.
Cost pressure may continue to Q4
Although the price increase is conducive to loosening the profit side of condiment manufacturers, the high cost situation may not change in the short term.
Taking sugar as an example, Zhuo Chuang Information told reporters that after the National Day, the sugar market was operating strongly. On the one hand, following the trend of raw sugar, energy prices continued to rise after the holiday. On the other hand, after the holiday, the overall strong market atmosphere of domestic commodities has led to the rapid rise of Zheng Sugar Futures. In addition, the domestic sugar price and the current import cost are substantially upside down, and the entry of long funds has jointly driven the market to continue to rise, and the spot price of white sugar has risen rapidly under the strong performance of domestic and foreign futures.
On the whole, it is expected that there will be limited room for short-term white sugar spot prices to fall, and the price center may move up steadily. From a long-term perspective, entering December, with the concentrated supply of domestic new sugar and the pressure on sugar companies to redeem sugarcane money at the end of the year, there may be a risk that prices will fall from a high level.
According to the analysis of China Feed Industry Information Network, the main contract of soybeans has fluctuated and dropped from the high point during the year. The decline in US soybeans and high prices restrained spot demand weakened the confidence of the market to chase gains. In the short term, it may continue to face the pressure of taking back. However, under the general commodity rising pattern, Bean One's price center is expected to remain volatile and rising. The current global soybean supply tension is expected to ease, and the market lacks the motivation to continue to rise, and it may operate in an oscillating or weak structure in the future.
In addition to costs, the impact of power curtailment continues. Judging from the power curtailment policies announced in various places, there is still no clear deadline. Yunnan and Shaanxi both set clear requirements for the production capacity of related industries from September to December. Based on this cautious judgment, power rationing in various places may still have an impact on October.
This means that the cost pressure and production capacity of the condiment industry are limited or will continue.
zhttps://www.163.com/dy/article/GMK8S9O605198CJN.html