SunSirs: Rapeseed Meal Prices Fell (9.9-9.12)
September 17 2019 11:26:45 SunSirs (Eva)1.Price Trend
According to the monitoring of SunSirs, the average price of rapeseed meal at the beginning of the week was RMB 2386/ton, while the average price of rapeseed meal at the end of the week was RMB 2340/ton, down 1.96%.
2.Cause analysis
Rapeseed meal prices have tumbled. The price of rapeseed meal in Jiangsu province is RMB 2310-2390/ton. The decline of rapeseed meal price is mainly affected by the poor downstream demand. The "classical swine fever incident" continued, adjusting feed formulation, reducing protein meal feed intake, reducing the demand for protein meal in the aquaculture industry, and suppressing the market of rapeseed meal. Up to now, rapeseed meal stocks in Guangdong and Guangdong are 20,000 tons.
As for domestic rapeseed, the price of domestic rapeseed in Yancheng, Jiangsu Province is about RMB 2.38/kg, that in Hubei Province is about RMB 2.36/kg, and that in Anhui Province is about RMB 2.35/kg. The price of rapeseed quoted by most traders is stable, with a small increase. As for rapeseed imports, due to the tension between China and Canada, Canadian rapeseed imports are limited and rapeseed meal has limited space to decline.
3.Future Market Forecast
In conclusion, rapeseed meal analysts of SunSirs expect that short-term rapeseed meal will be mainly vibratory finishing operation.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
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