Chinese medicinal materials are being hyped, with the price of Atractylodes lancea skyrocketing from 27 yuan per kilogram to 180 yuan.

robot
Abstract generation in progress

Jinshi data news on June 27th, the topic of the sharp rise in the price of Chinese medicinal materials has once again become the focus of market attention, and the commonly used medicinal material Bai Zhu has been referred to as "crazy price surge exceeding gold". In addition to Bai Zhu, the niche medicinal material Cat's Claw has also soared in price in just 10 months. Subsequently, the price increase also appeared in the category of spice medicinal materials, and pepper has become a new "star" of price increase. The price of Bai Zhu in the Anguo market specifications was only 27 yuan per kilogram in January 2023, and fluctuated to 85 yuan per kilogram in October 2023, and soared to 180 yuan per kilogram by June 2024, with the recent price stabilizing at this high level. Regarding the price increase of this year's unique spice category, some market participants also believe that speculative capital is the main reason behind the price increase.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)