SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: After the Holiday, the Soybean Meal Market Was Weak and Down
May 07 2022 15:34:02SunSirs(John)

Price trend

According to the monitoring data of SunSirs, soybean meal entered the downward channel at the end of April, and the price continued to decline. After May Day, soybean meal continued to decline in a weak market. As of May 6, the average market price of soybean meal was 4,038 RMB/ton, down 2.62% from April 28.

Analysis review

The terminal feed demand turned weak, the external futures were bearish, and the soybean meal market fell.

Market outlook

Negative factors are still, and the soybean meal market is expected to decline weakly in the future.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com

Exchange Rate:

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products