01 Flaxseed

Week 2 (January 5th - January 9th, 2025): The national average price of flaxseed in China was 4943 RMB/ton; the price of Russian old crop flaxseed at Tianjin Port was 4850 RMB/ton; the price of Russian second-grade raw flaxseed at Tianjin Port was 4900 RMB/ton; and the price of new-season Russian first-grade flaxseed was 5200 RMB/ton. The flaxseed market conditions in various regions this week are as follows:

Weekly Review:

This week, domestic flaxseed prices fell. The overall trading pace in the flaxseed market was slow, and sales were not brisk. Market transactions were mainly based on actual negotiations, and the overall market trend was weak. In terms of supply, the large volume of flaxseed at Chinese ports put pressure on the port flaxseed market. In terms of demand, the operating rate of Chinese flaxseed oil mills remains low, and the demand for flaxseed at ports is not high; the weak market for flaxseed oil and flaxseed meal in the end market is dragging down port flaxseed prices.

It is expected that flaxseed prices will remain stable in the short term (January-February). Traders lack confidence in flaxseed, but a small peak in demand is expected before the Spring Festival, which will support the flaxseed market. However, if sales are slow and inventory pressure is high, prices may continue to fall.

02 Flaxseed Oil

Week 2 (January 5-9, 2025): The domestic prices for refined flaxseed oil this week are as follows: Lanzhou 9550-9600 RMB/ton; Wuzhong 9550-9600 RMB/ton; Yinchuan 9550-9600 RMB/ton; Hohhot 9700 RMB/ton; Zhangjiakou 10000 RMB/ton; Zhenjiang 9600 RMB/ton; Changji 8900-9000 RMB/ton.

Bulk crude flaxseed oil prices are as follows: Yinchuan 8580 RMB/ton; Changji, Xinjiang 8100-8300 RMB/ton; Hohhot 8550-8700 RMB/ton; Zhangjiakou 8900 RMB/ton; Tianjin Binhai 8650-8800 RMB/ton.

Weekly Review:

This week, flaxseed oil prices fell.  The price of flaxseed raw materials also decreased, and demand was weak. The weak performance of the three major edible oils in the domestic market dragged down flaxseed oil prices. Currently, the operating rate of Chinese flaxseed oil factories is not high, and the supply of flaxseed oil is relatively tight. However, the decrease in demand for flaxseed oil is a negative factor for the market. With many negative factors affecting the edible oil market, flaxseed oil prices may continue to fall.