Among the six categories of consumer goods tracked by HTI this week, except that the spot cost of soft drinks increased slightly, the cost of most industries decreased, and the decline at the futures end was significantly greater than that at the spot end. Specifically, the overall cost of packaging materials decreased rapidly. Last week, the prices of aluminum futures and glass pulp futures and plastic futures fell by less than 1%, led by the sharp decline of aluminum futures and glass pulp futures and plastic futures by less than 5%; As for the direct raw materials, the overall decline is still more or less. Among them, vegetable prices continue to lead the decline, with a range of more than 5%, followed by white sugar futures, with a range of nearly 3%. The decline of other palm oil, yellow soybean, soybean meal and wheat is within 1%. The price of chicken and spot soybean increased the most this week, with a range of more than 1%, and the rest of barley, corn and rice increased by less than 1%. In terms of energy, crude oil spot / futures fell by more than 7% and 4% respectively, down more than last week, which jointly contributed to the weakening of costs.
Beer: as of April 26, the cost spot index decreased by 0.52% and the futures index decreased by 6.2% compared with last week. Since the beginning of the year, the spot and futures indexes have changed by 1.97% / 9.84% respectively, and the spot and futures indexes have changed by 2.75% / 2.62% respectively compared with the same period last year. At the futures end, the overall decline was affected by the sharp decline in glass, pulp and aluminum; On the spot side, the overall decline was due to a large decline in the spot price of aluminum.
Condiment: the cost spot index decreased by 0.28% compared with last week, and the futures index decreased by 4.41% compared with last week. Since the beginning of the year, the spot and futures indexes have changed by 3.6% / 6.69% respectively, and the spot and futures indexes have changed by 9.61% / 0.98% respectively compared with the same period last year. Condiments this week were also mainly affected by the decline in the price of futures end packaging materials. Although direct raw materials such as soybean and wheat have increased, the range is small and it is difficult to change the overall downward trend.
Dairy products: the cost spot index decreased by 0.61% compared with last week, and the futures index decreased by 1.7% compared with last week. Since the beginning of the year, the spot and futures indexes have changed by 3.01% / 9.8% respectively, and the spot and futures indexes have changed by 5.81% / 7.22% respectively compared with the same period last year. The follow-up price of raw and fresh milk this week was the same as that of last week, and the auction price of large bags of powder decreased by 7.17% compared with the previous time. In the part of cow feeding cost, the price of corn was basically flat, and the price of soybean meal weakened slightly.
Instant noodles: the cost spot index decreased by 0.63% compared with last week, and the futures index decreased by 2.25% compared with last week. Since the beginning of the year, the spot and futures indexes have changed by 11.01% / 11.73% respectively, and the spot and futures indexes have changed by 22.14% / 12.76% respectively compared with the same period last year. This week, the fluctuation of palm oil narrowed, and the decline at both ends of the current / current period is only within 1%. The decline at the packaging end is still the main reason affecting instant noodles.
Quick frozen food: the cost spot index decreased by 0.26% compared with last week, and the futures index decreased by 0.26% compared with last week. Since the beginning of the year, the spot and futures indexes have changed by 6.93% / 6.07% respectively, and the spot and futures indexes have changed by 13.27% / 11.74% respectively compared with the same period last year. Vegetable prices weakened sharply this week, chicken prices increased slightly, and the overall cost weakened slightly.
Soft drinks: the cost spot index increased by 0.21% compared with last week, and the futures index decreased by 3.68% compared with last week. Since the beginning of the year, the spot and futures indexes have changed by 3.52% / 6.21% respectively, and the spot and futures indexes have changed by 16.7% / 1.31% respectively compared with the same period last year. Due to the weakness of pet and spot sugar prices, the cost of pet futures and plastics increased rapidly this week.
Risk tip: the global epidemic is repeated, China's policy is not as strong as expected, income recovery is slow, and energy prices are high.
