According to the monitoring data of SunSirs, since the end of August, the market of soybean meal has warmed up, oscillated upward, and rose until September. As of September 5, the average market price of soybean meal was 4,618 RMB/ ton, up 2.85% from August 26.

Since the end of August, the stock market of the terminal feed industry has been driven, coupled with the low inventory of soybean meal and the decline in the number of imported soybeans in Hong Kong. Supported by multiple positive factors, the soybean meal market has recovered. Since September, the soybean meal market has expanded, rising by 2.58% on the 5th. The external soybean futures strengthened, and the spot market of domestic soybean meal futures rose sharply. The mainstream quotation exceeded 4,600 RMB/ ton, with a weekly increase of nearly 3%.

SunSirs agricultural product analyst believes that the increase in demand for end feed is supported by positive factors, and soybean meal is expected to rise in the future market in China.

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