On January 12th, pre-Spring Festival stocking began, leading to an increase in silkworm pupa sales and a slight rise in prices. In the Shandong market, the wholesale price for quick-frozen fresh pupae is generally 10,200–10,700 RMB/ton for grades A and B, 7,500–8,500 RMB/ton for grades C and D, and 7,000–8,200 RMB/ton for quick-frozen fresh silkworm pupae used as feed. The wholesale price for fresh silkworm pupae (packed in foam boxes without freezing, for preservation) is 11,000 RMB/ton. The overall price has increased by 400 RMB/ton.

PriceSeek analysis of silkworm pupae, with a bullish-bearish score: +1. The article indicates that pre-Spring Festival stocking has commenced, resulting in increased silkworm pupa sales and a slight rise in spot prices by 400 RMB/ton. The overall price has risen to different grade ranges (e.g., 10,200–10,700 RMB/ton for quick-frozen fresh pupae). This reflects seasonal demand growth, which directly benefits the spot market. The score is moderately bullish (+1), as the increase is limited and primarily driven by short-term holiday factors, but it does not reach the level of a significant bullish signal.