# The Auction Market Remains Sluggish And The Short-term Upward Trend Of Rice Is Weak - Corporate News - News - Yangzhou Coyotech Machinery Co., Ltd.

> Chinese rice auction volumes held near 100,000 tonnes a week in early June, with prices stuck at low levels. Weak consumption in the off-season and loose supply and demand limited traders' purchases, and the outlook for the short-term rice market is weak.

- Date: 2021-06-08 · published 2021-06-08T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/46670-the-auction-market-remains-sluggish-and-the-short-term-upward-trend-of-rice-is
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Soft domestic Chinese demand and ample policy stocks keep Chinese rice prices subdued, which limits import needs and supports bearish sentiment in global rice markets.

## Read by commodity

- RICE: bearish ▼

## Sources

- chinagrainmachine.com: https://www.chinagrainmachine.com/news/the-auction-market-remains-sluggish-and-the-sh-46515567.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.